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If a fund has a small amount of funds under management or FUM (meaning, the amount of money invested in the ETF), it risks being closed by the fund manager.
Here at Best ETFs Australia, we consider any ETF with less than $100 million invested to be a higher than normal risk of being closed. However, there are many variables to consider:
It's important to remember that if an ETF closes, the ETF investor will typically receive a notification from the ETF issuer and can elect to sell the ETF prior to its closing, or opt to receive his or her money back from the ETF after it closes.
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“Rask Invest” is considered a financial product and has a Product Disclosure Statement (PDS) and Target Market Determination (TMD), issued by InvestSMART. These documents can be accessed on the Rask Invest website. Please seek professional advice before making any investment decision with respect to Rask Invest.
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