HANetf shutters unloved $4m iClima Smart Energy ETF

Closure from 16 January 2023

HAMetf has closed its iClima Smart Energy ETF as it failed to meet the minimum fund size.

Currently the ETF has $4m in assets under management, according to Hargreaves Lansdown data, having launched in June 2021. The board decided to shutter the fund because with the current levels of assets it was "impracticable and inadvisable for the fund to continue to operate", it said in a statement to the London Stock Exchange. Fund outflows halve in October to £3.7bn The fund seeks to track the price and yield performance, before fees and expenses, of the iClima Distributed Renewable Energy Index. The index is down 23% over one year and the iClima Smart Energy ETF has actuall...