WisdomTree to Close and Liquidate Five ETFs
WisdomTree, a leading global financial firm, has announced its plans to close and liquidate five of its ETFs. These ETFs will stop accepting creation orders on October 20, 2023, which will also be their final trading day on the exchanges they are listed on.
Cash Redemption for Shareholders
If you hold shares of these ETFs beyond October 20, 2023, you will undergo an automatic cash redemption based on the ETF’s net asset value (NAV). This redemption is expected to be processed through your brokers or other financial intermediaries around October 30, 2023, following the ETFs’ last operational day on October 27, 2023.
The ETFs Being Closed and Liquidated
- WisdomTree Chinese Yuan Strategy Fund (CYB) – NYSE Arca
- WisdomTree India ex-State-Owned Enterprises Fund (IXSE) – NYSE Arca
- WisdomTree U.S. Growth & Momentum Fund (WGRO) – NASDAQ
- WisdomTree Germany Hedged Equity Fund (DXGE) – NASDAQ
- WisdomTree Growth Leaders Fund (PLAT) – NYSE Arca
Evaluate Risks and Expenses
Prior to investing in these funds, it is crucial for prospective investors to carefully assess the investment goals, risks, charges, and expenses associated with them. A detailed prospectus containing this information can be found at WisdomTree.com/investments or by contacting 866.909.9473.
Risks Involved in Investing
It is important to note that investing carries inherent risks, including the potential loss of principal. Foreign investments, in particular, come with currency, political, and economic risks. Funds that focus on a single country or sector, or those that emphasize smaller company investments, may experience increased price volatility. The prospectus provides a comprehensive risk profile for each Fund.
WisdomTree’s Innovative Offerings
WisdomTree offers a diverse range of exchange-traded products (ETPs), models, and blockchain-enabled solutions. With approximately $95.8 billion in global assets under management, the firm is at the forefront of financial innovation. Their recent initiatives include blockchain-native digital wallets like WisdomTree Prime™ and blockchain-enabled mutual funds.
Hot Take: WisdomTree Announces Closure and Liquidation of Five ETFs
WisdomTree has made the decision to close and liquidate five of its ETFs, prompting shareholders to take action before the specified dates. This move reflects the company’s strategic approach to managing its product offerings and ensuring investor interests are protected. As the financial landscape continues to evolve, it is essential for investors to stay informed about changes in the market and make decisions based on their individual investment goals and risk tolerance. WisdomTree’s commitment to innovation positions them as a leading player in the industry, offering a wide range of investment options for investors seeking exposure to various asset classes.
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