WisdomTree to Liquidate Five ETFs by October 20, 2023

blockchain.news:

WisdomTree, Inc. (NYSE: WT), a prominent global financial entity, has declared its intention to close and liquidate five of its ETFs. The ETFs in question will cease accepting creation orders after October 20, 2023, marking the same day as their final trading day on their respective exchanges.

Shareholders who retain their ETF shares beyond this date will undergo an automatic cash redemption based on the ETF's net asset value (NAV). This redemption is anticipated to be relayed to shareholders via their brokers or other financial intermediaries around October 30, 2023, subsequent to the last operational day slated for October 27, 2023.

The ETFs slated for closure and liquidation are:

Prospective investors are urged to meticulously evaluate the investment goals, risks, charges, and expenses of the Funds prior to investing. A comprehensive prospectus detailing this information can be accessed at WisdomTree.com/investments or by calling 866.909.9473.

It's imperative to note that investing carries inherent risks, including potential principal loss. Foreign investments, in particular, are fraught with currency, political, and economic risks. Single-country, sector-focused funds or those emphasizing smaller company investments may witness heightened price volatility. The prospectus provides an exhaustive risk profile for each Fund.

WisdomTree's offerings encompass a diverse range of exchange-traded products (ETPs), models, and blockchain-enabled solutions. With a current global assets under management tallying approximately $95.8 billion, the firm is at the forefront of financial innovation. Their recent endeavors include blockchain-native digital wallets like WisdomTree Prime™ and blockchain-enabled mutual funds.