BlackRock is continuing to purge its exchange traded fund (ETF) lineup, cutting 18 funds in August.
The asset manager will be liquidating the funds as part of an ongoing review of products to “ensure it meets the evolving needs of its clients,” the Financial Times reports. The ETFs include four domestic products, emerging market, Asia, and Canada funds. The largest funds are the $37.3 million FTSE China ETF and the $30.9 million MSCI EM Eastern Europe ETF.
This is the third recent round of ETF cuts for BlackRock, after the firm liquidated a set of 18 ETFs last October and 10 foreign market funds in January 2014.
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