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NEW YORK, Oct. 19, 2012 (GLOBE NEWSWIRE) -- WisdomTree (Nasdaq:WETF), an exchange-traded fund ("ETF") sponsor and asset manager with approximately $16.9 billion in ETF assets under management, announced today it plans to close three of its ETFs. The designated funds represent approximately 0.15% of WisdomTree's ETF assets.
The Board of Directors of the WisdomTree Trust approved the closures on October 17, 2012. The final day of trading on the NYSE Arca will be Monday, December 3, 2012. Shareholders who do not sell their Fund shares by this date will have their shares automatically redeemed on December 10, 2012, the Funds' last day of operations. Additional information can be found in our
Investor FAQ document.
The three Funds being closed are:
WisdomTree LargeCap Growth Fund
WisdomTree Dreyfus South African Rand Fund
WisdomTree Dreyfus Japanese Yen Fund
Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. A prospectus, containing this and other information is available by calling 1-866-909-WISE. Investors should read the prospectus carefully before investing.
There are risks involved with investing, including possible loss of principal. Foreign investing involves currency, political and economic risk. Funds focusing on a single country, sector and/or funds that emphasize investments in smaller companies may experience greater price volatility. Investments in emerging markets, currency, fixed income and alternative investments include additional risks. Due to the investment strategy of certain Fund's they may make higher capital gain distributions than other ETFs. Please see prospectus for discussion of risks.
WisdomTree Funds are distributed by ALPS Distributors, Inc.