Global Beta ETF Family Closing

The issuer, which debuted in late 2019, is pulling its three funds off the market.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

Global Beta ETFs is closing its entire product line of three ETFs 2 1/2 years after the issuer made its debut.  

The firm described its offering as “low-cost factor ETFs,” with all three of its funds tracking smart beta indexes and carrying fairly low expense ratios of 0.29%. However, the ETFs never gained significant assets. 

The three funds set to close in late August are: 

 

The ETFs will cease trading after Aug. 22, with liquidation expected to occur on or around Aug. 29. 

The addition of the Global Beta shutdowns brings the total number of ETF closures expected to complete by the end of August to 70. That compares with 37 launches during the same time period last year.  

 

Contact Heather Bell at [email protected] 

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.