They are the walking dead of the booming exchange-traded fund industry: zombie-like ETFs that get scant investor interest and barely trade, the Wall St Journal writes.
Often designed as vehicles for narrow investment niches—from dividend-paying stocks in the Middle East to fishing-industry shares—these ETFs are learning the hard way that they sliced the market a little too thinly.
Ron Rowland, president of Capital Cities Asset Management, says the number of funds on his "ETF Deathwatch" list is at a record 242. All the funds on his list have limped along for at least three months with less than $5 million in assets…
Find out more at http://online.wsj.com/article/SB10001424052970203686204577112851171154654.html?mod=WSJ_hp_LEFTWhatsNewsCollection
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