Javelin To Shut Down Contrarian ETF (JCO)

Javelin announced on Tuesday that the last day for trading in its JETS Contrarian Opportunities Index Fund (JCO) will be September 29, citing a failure to attract sufficient assets and investor interest as the cause for the termination of the company’s only ETF. “With many investors looking for new investing tools, we believe that contrarian and other investment styles will eventually be well represented in the ETF market,” said Javelin president and founder Brint Frith in a notice on the company’s Web site. “We look forward to building on our experience.” Shareholders remaining in the fund as of September 29 will have their shares automatically redeemed on October 11, the last day of operations for JCO. The fund, which debuted in April 2010, recently had assets of about $5 million. JCO sought to replicate the Dow Jones U.S. Contrarian Opportunities Index, a benchmark that was constructed to select stocks consistent [...] Click here to read the original article on ETFdb.com. Related Posts: Russell ETFs Debut Javelin Plans To Shutter Shari’ah Compliant ETF This Week in ETFs: April 16th Edition Javelin Funds Launches Contrarian ETF (JCO) Details Of Dividend ETFs: Consistency vs. Yield