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Guggenheim to Close 9 ETFs

State Street debuts 2 low-volatility ETFs devoted to the Russell 1000 and Russell 2000 Indexes, Vanguard reduces the expense ratio of its high-dividend-yield ETF, and IndexIQ proposes a pair of new funds. Plus, the week's best and worst performers.

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On Feb. 15, Guggenheim Investments announced that it will liquidate and delist nine exchange-traded funds that have struggled to gain traction with investors.

The announcement was the latest in a continued drumbeat of closures of thinly traded ETFs with minimal assets that began during 2012. The nine Guggenheim funds together have about $144 million in assets, which is about 1% of Guggenheim's entire ETF asset pool. However, one of the ETFs has more than $50 million in assets, meaning that the average size of the other eight funds is less than $12 million.

Robert Goldsborough does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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