The Shakeout in the ETF Industry Is Accelerating

So far this year, 188 exchange-traded products, including funds and notes, have been shut down, the most on record, according to FactSet.

The closures occurred at big and small asset managers alike, including BlackRock Inc., which manages the popular suite of iShares ETFs; JPMorgan Chase & Co.; Invesco Ltd.; ProShares and Direxion.

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