JETS Islamic ETF to Cease Trading in October

JETS Dow Jones Islamic Market International Index Fund (JVS), having failed to attract investor assets, will cease trading on October 19, 2010.  The fund had just $2.2 million at the end of last month, which is about the same as when it launched on July 1, 2009. Unless other sponsors announce some earlier delisting dates, JVS will become the 32nd ETF closure of 2010.  It has been a regular member of ETF Deathwatch, appearing at #17 in the current issue. “With over seven million Muslims in the United States, we believe that Shariah-based investing has a promising future,” says Javelin president and founder Brint Frith in a press release dated 9/15, “but we found it difficult to reach target investors through the marketing channels typically used by ETFs.”… . . . → Full Story: JETS Islamic ETF to Cease Trading in October