State Street Global Advisors (SSGA) is set to close seven SPDR exchange-traded funds as assets fall to levels that make the vehicles "uneconomical" to run.
The firm wrote to investors on Friday to confirm the subfunds of the SSGA SPDR ETFS EUROPE I and EUROPE II umbrella funds are closing on 13 November due to a significant decrease in their net asset values...
The US dollar is close to peaking and the risks now seem to be on the downside.
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