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ETF Advisors Folds Bond Funds

By Staff Writer

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April 21, 2003 — ETF Advisors is liquidating its four exchange-traded bond funds because they lack assets.

Trading in the four funds — Treasury 1 FITR, Treasury 2 FITR, Treasury 5 FITR and Treasury 10 FITR — will end on May 21, and they will be liquidated over the following six days.

ETF Advisors said last week that it is folding the funds, which trade like stocks, because of their “small asset base” and “poor immediate prospects for growth.”