European ETF industry faces highest annual closure numbers since inception

The European ETF industry is on course to record the highest annual number of fund closures since the inception of the market in 2000, according to research from Refinitiv. Despite continuing to grow its assets under management (AuM) over the course of 2020, Refinitiv's newly published 'ETF Deathlist' has predicted record closures for the ETF market, although head of EMEA research Detlef Glow does not believe this represents the beginning of a "wider consolidation" for the industry. Glow explained that "the high number of ETF closures in Europe goes in line with high launching activit...