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||ROI|
|WisdomTree Dreyfus South African Rand Fund||SZR|
|WisdomTree Dreyfus Japanese Yen Fund||JYF|
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.
WisdomTree® is a New York-based exchange-traded fund ("ETF") sponsor and asset manager. WisdomTree currently offers 49 ETFs across Equities, Currency Income, Fixed Income and Alternatives asset classes. WisdomTree also licenses its indexes to third parties for proprietary products and promotes the use of WisdomTree ETFs in 401(k) plans. WisdomTree currently has approximately $16.9 billion in ETF assets under management. For more information, please visit www.wisdomtree.com.
WisdomTree is the marketing name for WisdomTree Investments, Inc. and its wholly owned subsidiaries WisdomTree Asset Management, Inc. and WisdomTree Retirement Services, Inc. WisdomTree Asset Management, Inc. is a registered investment advisor and is the investment advisor to the WisdomTree Trust and the WisdomTree ETFs. The WisdomTree Trust is a registered open-end investment company. Each WisdomTree ETF is a series of the WisdomTree Trust. WisdomTree Retirement Services, Inc. supports the use of the WisdomTree ETFs in retirement plans by financial professionals.
The WisdomTree Investments, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11269
Source:WisdomTree Investments, Inc.