Liquidating a mutual fund
Jeff De Maso, co-editor of The Independent Adviser for Vanguard Investors newsletter, shrugged off the liquidation as the cost of being a mutual fund behemoth."A billion-dollar fund would be a huge success at most firms, but with Vanguard's assets, it's just not worth the hassle anymore," he said.So won't you show our sponsors a little love by whitelisting investmentnews.com? They are not intended to provide investment advice.
Launched in 1986 and subadvised by Oaktree Capital Management, the strategy's heyday is over, and investors will be getting their money back in March.If you stick with the largest ETFs that track broad market gauges (like the S&P 500) or major asset classes (like bonds), you may never encounter a fund closure.But, if you get more creative when shopping for ETFs, you could get burned.Through September, 132 ETFs have permanently stopped trading this year, only six less than the record of 138 in 2017, according to data from Even so, the number of new funds launched year-to-date, 189, still outpaces closures.
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