IndexIQ Plans To Close SKOR And Launch Bond ETFs, USCF Files For Currency ETF

This week shaped out to be quite dismal for equity markets as investors were reminded of looming eurozone debt drama and the painfully slow road to recovery at home. A fairly weak start to corporate earnings season only added to the already towering list of uncertainties plaguing the global economy as aluminum giant Alcoa and semiconductor manufacturer Applied Materials both missed analyst estimates. Amidst another chaotic week on Wall Street, IndexIQ made the announcement it would soon close the doors on its small cap South Korea ETF while United States Commodity Funds filed for its first currency fund [see also What Are Options? The Ultimate Beginners' Guide]. IndexIQ, perhaps best known for its Hedge Multi-Strategy Tracker ETF (QAI), announced it will be shuttering the doors on its IQ South Korea Small Cap ETF (SKOR). The company is pulling the plug on SKOR because the fund has failed to attract significant assets; this ETF [...] Click here to read the original article on ETFdb.com. Related Posts: Talking Hedge Fund ETFs, Inflation-Proofing, And More With Adam Patti Hedge Fund “Clone” ETF Debuts (ALFA) Five ETFs That Will Live Or Die By China ETF Insider: Be Wary Of A Dead Cat Bounce Three ETFs To Watch This Week: FXI, NORW, USO