] filed with the SEC
to liquidate all fifteen of its ETFs.
As of August 6, 2012, the funds have a combined AUM of $102.52 million, according to data available on Morningstar. August 17 will be the last day of trading for the ETFs, and they will be liquidated on August 30.
A FocusShares spokesman told MFWire
that the board decided that it was in the best interests of the firm's shareholders to close its ETF line. The company also issued a press release
on the closing.
its ETF line in late 2010, several months after the company was bought by Scottrade
. Scottrade is identifying alternatives.
Last week, MFWire
reported that FocusShares appointed Scott Golde
its new president and CEO, but the FocusShares spokesman told MFWire
that Golde was not involved in the decision to liquidate the ETF family.
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