MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, November 25, 2008 A Boutique Manager Quits the ETF Biz Ziegler Capital Management is getting out of ETFs. A spokeswoman for the Chicago-based asset manager confirmed that Ziegler is leaving the business for good. Ziegler revealed that its NYSE Arca Tech 100 ETF (its only ETF offering) will stop trading on December 15 and distribute its remaining assets (currently $3.6 million) to shareholders on the 26th. Ziegler first launched the fund a year and a half ago (see MFWire, March 26, 2007). "While we no longer sponsor an ETF, we remain committed to our core asset management business," stated Ziegler president Elizabeth A. Watkins. Ziegler manages $3.1 billion in assets, including $700 million in its North Track Funds. Printed from: MFWire.com/story.asp?s=19987 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |