Fundsters have had their mourning clothes at the ready this year, as the number of ETF funerals has increased.
According to new data from research firm ETFGI
, 117 ETFs were shuttered in the first half of 2013, far more than in the same period for previous years, reported the Financial Times
MIT Sloan School of Management finance professor Andrew Lo
told reporters Arash Massoudi and Tracy Alloway that part of the reason for the record number of ETF closings was simply that more ETFs have been opened in the past few years.
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