U.S. exchange-traded fund (ETF) firm FatihShares has shut four of its five value funds, Index Universe reports. The move comes as the portfolios failed to attract significant assets.
The four shuttered funds are the FaithShares Baptist Values Fund, the FaithShares Catholic Values Fund, the FaithShares Lutheran Values Fund and the FaithShares Methodist Values Fund. The funds will stop trading from July 15, 2011.
