I have for some time as a modest hedge for my bonds had a position in XUGS, an ETF issued by Deutsche AM as a way to short gilts, indeed the only one available for this purpose, as far as I knew. Now, right at the bottom of the interest rate cycle, and therefore at the lowest price , I have been told by my SIPP broker that XUGS is no longer traded. No advance warning was given to me. Deutsche state that the announcement was made on their website, and from there " communicated to the exchanges" - well, it certainly did not go from there to my broker and me. I am now faced with accepting whatever NAV is getting paid as published on Sept. 6th. There a several disturbing aspects about this: at a time when most needed ( gilts and other government bonds so absurdly expensive) there appears to be no longer an exchange traded gilt product to reflect this belief. Also, where was the mechanism for a timely warning to exit the position? Finally, if it happened here, it may happen with all sorts of other ETFs/ETCs where none of us may be aware of the small print allowing issuers to shut them down when it suits them but not you. So once again buyer beware..