As is the case with IndexIQ's closures, lack of interest appears to have been the factor driving Global X to shut the doors here. As of the end of November, none of the funds comprising this doomed octet has managed to amass over $4 million in total assets.A number of these fated products appeared to have held promise on their outset and when February rolls around, it will be unfortunate to see some of them go. However, investors should not be too distressed; this is the type of Darwinian trimming that is needed in order to ensure that the blossoming ETF universe remains strong in the long run.
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