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RWW - Pitfalls Of Esoteric ETF Investing Or Bye-Bye GHII
Invesco S&P Financials Revenue ETF Invesco Exchange-Traded Fund Trust II
Last week, Invesco (IVZ) announced it was closing 42 ETFs and will merge an additional 27 into existing ETFs, with the last trading day for these 69 investment products being Feb 14, 2020. In addition, the investment strategy is changing for four additional ETFs. Known by some as “Zombie ETFs,” this year will mark the highest number of liquidations since the ETF popularity blossomed in the mid-2000s. The number of funds Invesco closed in the first 6 months of 2019 and the number of closures announced last week are almost 2 1/2 times the total