Columbia Threadneedle is liquidating four of its exchange-traded funds (ETFs) due to their small size and a lack of demand from investors.
The firm will liquidate the Columbia Core Bond, Intermediate Municipal Bond, Emerging Markets Strategies Opportunities and Emerging Markets Core ETFs.
The last day investors will be able to trade them will be July 21 and liquidation will be completed on July 28 2017.
The two emerging markets ETFs were launched in 2012 and the fixed income ETFs date back to 2010.
‘We regularly review our product line-up and are closing these funds given their small size, limited demand and other product development priorities,’ said a Columbia Threadneedle spokeswoman.
The firm has 14 ETFs in total, including the four to be liquidated, which span across emerging markets equity, equity income, Indian equity and fixed income.
The liquidation of the fixed income ETFs will mean Columbia Threadneedle will no longer offer any actively managed ETFs.
Fixed income ETFs have struggled to gain traction among investors, amid fears the market is insufficiently liquid.
In May last year Columbia Threadneedle acquired smart beta boutique Emerging Global Advisors, which has a particular focus on emerging markets smart beta portfolios and runs nine such ETFs, and in 2011 it bought Grail Advisors.