State Street Global Advisors, the asset manager behind the SPDR range of exchange-traded funds, has announced plans to close and liquidate 12 ETFs that are currently trading on the NYSE Arca. 

Trading of all twelve funds will be suspended on 25 August 2016, and proceeds of the liquidation are scheduled to be sent to shareholders on or about 31 August 2016.

The list of funds scheduled for closur  as a result of limited market demand, include the:

SPDR MSCI EM Beyond BRIC ETF (EMBB)
SPDR BofA Merrill Lynch EM Corp. Bond ETF (EMCD)
SPDR Barclays International High Yield Bond ETF (IJNK)
SPDR MSCI EM 50 ETF (EMFT)
SPDR Russell/Nomura PRIME Japan ETF (JPP)
SPDR Russell/Nomura Small Cap Japan ETF (JSC)
SPDR S&P International Mid Cap ETF (MDD)
SPDR S&P BRIC 40 ETF (BIK)
SPDR SSGA Risk Aware ETF (RORO)
SPDR Nuveen Barclays Build America Bond ETF (BABS)
SPDR Nuveen Barclays California Muni Bond ETF (CXA)
SPDR Nuveen Barclays New York Muni Bond ETF (INY)

The final day for creations will be 24 August 2016 with the exception of EMBB, EMCD, and IJNK, for which the final day for creations will be 23 August 2016. Trading of all twelve funds will be suspended on 25 August 2016, and proceeds of the liquidation are scheduled to be sent to shareholders on or about 31 August 2016. For additional information on the liquidation, shareholders of the funds can visit www.spdrs.com.