FactorShares to close 2 ETFs

|By:, SA News Editor

The PureFunds ISE Diamond/Gemstone ETF (GEMS) and the ISE Mining Service ETF (MSXX) will both close on or about January 24 after struggling to attract funds since their late 2012 launch. Also launched at the same time is the ISE Junior Silver ETF (SILJ), currently with $1.5M AUM.