State Street will close 19 of its US-listed ETFs in August, due to a lack of investor interest. The 19 funds to be closed gathered roughly US$600 million total assets, representing less 0.1% of the AUM in locked up in State Street ETFs globally.
The largest ETF being closed is the SPDR S&P International Health Care Sector ETF (IRY), which has amassed only $198m despite being listed almost 10 years ago.
All but one of the 19 closures track non-US equity. The closures leave State Street with 131 US-listed ETFs. ETFs to be closed:
SPDR S&P International Health Care Sector ETF (IRY) SPDR S&P International Technology Sector ETF (IPK) SPDR S&P Emerging Europe ETF (GUR) SPDR S&P International Energy Sector ETF (IPW) SPDR S&P International Consumer Staples Sector ETF (IPS) SPDR S&P International Telecommunications Sector ETF (IST) SPDR S&P Emerging Latin America ETF (GML) SPDR EURO STOXX 50 Currency Hedged ETF (HFEZ) SPDR S&P International Industrial Sector ETF (IPN) SPDR S&P International Utilities Sector ETF (IPU) SPDR S&P Russia ETF (RBL) SPDR S&P Emerging Middle East & Africa ETF (GAF) SPDR S&P International Consumer Discretionary Sector ETF (IPD) SPDR MSCI Australia StrategicFactors ETF (QAUS) SPDR S&P International Materials Sector ETF (IRV) SPDR Bloomberg Barclays 0-5 Year TIPS ETF (SIPE) SPDR MSCI Spain StrategicFactors ETF (QESP) SPDR S&P International Financial Sector ETF (IPF) SPDR S&P International Dividend Currency Hedged ETF (HDWX)
