Exchange-traded funds continue to launch at a breakneck pace, but many are quietly disappearing. Today marks the first ETF shutdown of 2012, as it is the last trading day for eight Global X [profile] ETFs, reports Ron Rowland of Seeking Alpha.

SeekingAlpha expects the total number of ETF closures for 2012 to exceed the 38 closed last year.

As for the Global X liquidations, the eight liquidating ETFs are:

• Global X Farming (BARN);
  
• Global X Fishing Industry (FISN);
  
• Global X Food (EATX);
  
• Global X Mexico Small-Cap (MEXS);
  
• Global X Oil Equities (XOIL);
  
• Global X Russell Emerging Markets Growth (EMGX);
  
• Global X Russell Emerging Markets Value (EMVX); and
  
• Global X Waste Management (WSTE).

The ETFs' board of trustees of the firm decided to pull the plug thanks to the low level of assets the ETFs gathered. 

Edited by: HFD


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