In a stock exchange notice today (19 July), the US manager said Dasym’s decision to terminate the agreement had triggered a review of the viability of the ETF.
The firm said the fund’s assets under management had been at a level that was below the expectations since its launch in November 2021. According to its latest factsheet, the fund holds $2.9m in AUM.
VanEck unveils US fallen angels ETF
Having considered its viability in light of the “value for money” principles, the directors have determined the total redemption of all…
