Thndr Claps » U.S. Claps » ETFs 🧺 » First US-listed ETF liquidated 💸
The ClapVanguard Group is liquidating the U.S. Liquidity Factor ETF (VFLQ) as it has not grown as expected since 2018.The DeetsThe liquidation of the $39.7 million ETF is the first liquidation of a US-listed ETF by Vanguard. The ETF is down 23% this year, performing worse than the S&P 500 Total Return Index.Why this MattersAccording to Ben Johnson, an analyst from Morningstar, the ETF industry is very crowded and so it makes sense to liquidate struggling ETFs in a bearish market.What NowThe ETF will be liquidated in late November 2022, as per Vanguard’s press release.
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