This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

FFCM To Liquidate Three QuantShares ETFs; Plans On Launching Six New ETFs

BOSTON, Oct. 22, 2012 /PRNewswire/ -- FFCM, LLC announced today that the Board of Trustees of FQF Trust authorized the orderly termination and liquidation three of the QuantShares ETFs (the "Liquidating Funds").  The Liquidating Funds are listed below:

QuantShares U.S. Market Neutral High Beta Fund (BTAH)QuantShares U.S. Market Neutral Anti-Momentum Fund (NOMO)QuantShares U.S. Market Neutral Quality Fund (QLT)

While FFCM originally believed the demand would be larger for these Liquidating Funds at the time of launch, FFCM has now refined those views based on, among other things, limited evidence of institutional demand for their shares. As a result of lower than anticipated levels of institutional and retail demand, the trading volume in their shares has been less than expected.  As a result, liquidity in such shares has lagged, and FFCM believes that closing the Liquidating Funds and liquidating their portfolios is in the best interest of shareholders.

FFCM still believes in the role that the 4 other Existing Funds can play in an investor's investment portfolio. Accordingly, FFCM will continue to offer these Existing Funds to investors who have asset allocation and hedging needs that make the funds appropriate investments for them.  In addition, FFCM has filed a registration statement with the SEC to launch 6 additional Funds due to investor demand.  These funds* include:           

QuantShares U.S. High Quality FundQuantShares U.S. High Dividend Absolute Return FundQuantShares U.S. High Momentum FundQuantShares U.S. Low Beta Absolute Return FundQuantShares U.S. Low Beta FundQuantShares U.S. Relative Value Fund

Regarding the closing funds, the following sequence of events will occur:
  • The last day of trading of the Liquidating Funds' shares on the NYSE Arca, Inc. will be November 2, 2012
  • Full liquidation of the Funds is intended to be complete by November 19, 2012.

Shareholders may sell their holdings in the secondary market through their broker until November 2, 2012, incurring any applicable transaction fees from their broker-dealer. All shareholders remaining at the close of trading on November 2, 2012 will receive cash equal to the amount of the net asset value of their Fund shares as of that time, which will include any capital gains and dividends, into the cash portion of their brokerage accounts.

Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses.  This and other information is in the prospectuses which can be obtained by visiting the Funds' website at . Please read the prospectus carefully before you invest.

* Information contained herein is subject to completion or amendment.  A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.  These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.  This communication shall not constitute an offer to buy or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under securities laws of any such state.  An indication of interest in response to this press release will involve no obligation or commitment of any kind.

Risks:There is no guarantee that the Funds will achieve their objective.  An investment in the Funds is subject to risk including the possible loss of principal amount invested.  The risks associated with each Fund are detailed in the prospectus and include tracking error risk, mid-cap risk, industry concentration risk, market neutral style risk, short sale risk and specific risks related to exchange traded funds.  There is a risk that during a "bull" market, when most equity securities and long-only equity ETFs are increasing in value, the Fund's short position will likely cause the Fund to underperform the overall U.S. equity market and such ETFs.  The Fund may not be suitable for all investors.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.19 0.00%
FB $118.06 0.00%
GOOG $695.70 0.00%
TSLA $222.56 0.00%
YHOO $37.40 3.90%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs