ETF Odds & Ends: Closures Accelerate
espite a Thanksgiving holiday lull, there has been plenty of action in the ETF space in the past two weeks.
Launches & Closures
While launches saw a slowdown, among the rollouts of note was that of the Genuine Investors ETF (GCIG). Brought to market by newcomer GCI Investors, the actively managed fund targets companies exhibiting quality and value characteristics as determined by rigorous analysis. The fund launched on the NYSE Arca with an expense ratio of 1.00%.