Nationwide S&P 500 Risk Managed Income ETF

NSPI

Börsenwert 17,8 Mio. $

The shortened week after the launch of the first-ever spot bitcoin ETFs saw almost as many closures announced as there were launches. Both launches of new ETFs and closures of existing ones have been quite strong so far in 2024.

COLUMBUS, Ohio , Jan. 19, 2024 /PRNewswire/ --Nationwide announced today that the Board of Trustees of ETF Series Solutions (the "Trust") has determined to close and liquidate the Nationwide S&P 500® Risk-Managed Income ETF (NYSEARCA: NSPI), Nationwide Dow Jones® Risk-Managed Income ETF (NYSEARCA: NDJI), and Nationwide Russell 2000® Risk-Managed Income ETF (NYSEARCA: NTKI) (collectively, the "Funds") after the close of business on Feb. 23, 2024. Nationwide recommended the liquidation and closure of the Funds following consideration of the Funds' long-term growth prospects, among other factors.

Federal Reserve rate hikes may be drawing to a close, but investors still face a grim economic forecast heading into 2024. Given waning U.S. consumer strength and mounting U.S. household debt, further purchasing pullback could prove challenging in the coming months.

The U.S. remains on course for further economic slowing in 2024, creating a challenging outlook for equities. It's unknown whether the country tips into a full recession, experiences a rolling recession, or sidesteps recession next year.

Bond yields continue to climb in the final quarter of the year as interest rate risk looms large for investors. Advisors looking beyond bonds for income opportunities should consider the Nationwide suite of ETFs.