Vanguard sends up the white flag on struggling factor-based strategy
The index fund giant is making history with its first-ever shuttering of a U.S.-listed ETF, but it's not elaborating on its plans for its five other factor-based funds.
In a first for The Vanguard Group, the asset management giant is closing a U.S.-listed fund, marking the quiet end to the $44 million Vanguard U.S. Liquidity Factor ETF (VFLQ).
Vanguard declined to comment beyond its Monday morning press release, which said the 4-year-old factor-based fund would
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