Morgan Stanley is to close its remaining six smart beta ETFs available on its FundLogic platform.
The group said assets had fallen below a specific threshold of $50m across its six remaining ETFs, which will stop trading on 17 September.
Morgan Stanley declined to comment on the closures.
The ETFs are:
The ETFs have total expense ratios (TERs) of 0.30%, with total assets of the individual funds sitting between $3m and less than $1m.
The ETFs look to capture six factors, value, size, low volatility, high momentum, low investment and high profitability.
It highlights how smart beta ETFs have fallen out of popularity, with the asset class suffering outflows of €1.5bn in Q1 2024.
Last year, Northern Trust Asset Management closed four of its five factor ETFs, before Waystone ETFs agreed to take over its Irish platform and its one remaining ETF in June.
The group entered the US ETF market last year and now looks to be focusing its ETF efforts solely on the market.
The multi-factor range lost 91.7% of its assets in 2023 after amassing €300m in its first five years. USHF held $224m AUM on the closure of MS Scientific Beta US Equity Factors UCITS ETF (USEF) in October 2022.
Morgan Stanley shut USEF in 2022 with less than $1m AUM, and previously closed the MS Scientific Beta Global Equity Factors UCITS ETF (GEF) which delisted in August 2021.
