ETFs liquidate at quickest pace since 2017 as coronavirus roils markets

A tumultuous start to 2020 saw exchange-traded funds (ETFs) shutter at the fastest pace in almost three years.

A total of 72 ETFs with $1.4 billion in assets shut down and returned their money to investors in the first quarter as the coronavirus outbreak roiled markets, according to the data compiled by Bloomberg. That’s the most since the third quarter of 2017, which saw 73 funds close.

The liquidations came as the economic fallout from the virus unleashed volatility across asset classes, sending the S&P 500 Index into a bear market at the fastest pace on record. That degree of turbulence sparked