UBS to Close Three Small ESG and Commodity ETFs
UBS Asset Management will close three ETFs over profitability and scalability concerns, with trading set to end on October 19.
Global X will liquidate four ETFs after concluding that their small asset bases are unlikely to grow sufficiently: the Bitcoin Trend Strategy ETF (BTRN), NASDAQ 100 Collar 95-110 ETF (QCLR), S&P 500 Collar 95-110 ETF (XCLR), and Interest Rate Volatility & Inflation Hedge ETF (IRVH). The funds will stop trading and close to investor purchases after October 16, 2026. During the wind-down, portfolios will shift toward cash and may deviate from their stated strategies. Remaining shareholders are expected to receive cash equal to NAV on or about October 23, including accrued gains and dividends, with distributions treated as taxable events. Global X will cover liquidation expenses other than brokerage costs.
UBS Asset Management will close three ETFs over profitability and scalability concerns, with trading set to end on October 19.
Global X has launched the Global X KOSPI 200 ETF (3408/9408 HK), providing Hong Kong investors with broad exposure to 200 leading Korean companies.
Global X has launched the Global X Copper Miners ETF (3014/9014 HK), Hong Kong’s first ETF dedicated to global copper mining companies.
First Trust will close and liquidate two NYSE Arca-listed ETFs: the First Trust Horizon Managed Volatility Small/Mid ETF and First Trust Horizon Managed Volatility Developed International ETF.
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