ETC Gavekal Asia Pacific Government Bond ETF
AGOV
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- ETC Gavekal Asia Pacific Government Bond ETF (AGOV) is an actively managed exchange-traded fund that seeks total return by investing primarily in local currency bonds issued by national governments (sovereign bonds), quasi-sovereign entities, and supranational organizations in the Asia-Pacific region; under normal circumstances, the fund allocates at least 80% of its net assets to these Asia-Pacific government bonds from countries including China, India, Indonesia, Singapore, South Korea, Japan, Malaysia, Taiwan, Thailand, Hong Kong, the Philippines, Pakistan, Vietnam, Sri Lanka, Kazakhstan, Australia, and New Zealand. The fund employs a proprietary strategy managed by Gavekal Capital Limited as sub-adviser, with Exchange Traded Concepts LLC serving as the investment adviser and sponsor within the Exchange Traded Concepts Trust; it targets investors seeking exposure to emerging and developed market government debt in local currencies, with a focus on broad maturities and credit profiles. Launched in July 2021 and listed on NYSE Arca, the ETF was headquartered in the operations of Exchange Traded Concepts in the United States. In November 2023, Exchange Traded Concepts announced the closure and liquidation of AGOV, marking a significant operational change; the fund ceased accepting new creation unit orders on November 14, 2023, with the final trading day on NYSE Arca on or about November 15, 2023, and full liquidation thereafter, resulting in the ETF no longer being active. This decision followed evaluations of fund viability amid low assets under management, approximately $30 million prior to closure, and poor performance, including a year-to-date return of -7.43% as of late 2023. No recent partnerships, acquisitions, funding rounds, or new product launches were reported for AGOV in the last 1-2 years leading up to its termination.