Friday, March 1, 2024 |

Transamerica to liquidate five exchange-traded funds

March 11, 2022

Transamerica Asset Management plans to close and liquidate all five of its exchange-traded funds next month, the company said Thursday. The ETFs will stop trading when the market closes on April 7 and be liquidated on April 12, according to an announcement. The funds have a total of $824.83 million in net assets as of Dec. 31. Transamerica, which launched its suite of DeltaShares ETFs in 2017, did not provide an explanation for why the funds will close.

Article Source: Baltimore Business Journal

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.