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Chuck Jaffe: 7 mutual funds and ETFs that entered the graveyard in 2016

Many people feel like the number of celebrity deaths rose in 2016. There certainly is no shortage of famous people to mourn.

There’s also no shortage of mutual funds that perished in 2016, as some 425 traditional funds were liquidated in the past 12 months, more than double that of 2015, according to Morningstar Inc. More than 125 exchange traded funds bit the dust — up more than 25% — and nearly 700 other funds were killed off through mergers.

No one mourns the death of a fund. The majority of the issues that shuffled off their mortal coil were some combination of uninspired, unloved, unlucky and unfortunate.

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