ETF Watch: WisdomTree Closes 6 ETFs

ETF Watch: WisdomTree Closes 6 ETFs

Three issuers in one week have shuttered ETFs that were dying on the vine.

ETF.com
|
Reviewed by: etf.com Staff
,
Edited by: etf.com Staff

WisdomTree shuttered six ETFs this week, some of which had been pn the market for a decade, but all of which had combined assets of only about $47 million. WisdomTree is the seventh-largest ETF issuer in the U.S. today, with $37.8 billion in total assets under management (AUM).

The funds include:

The closures followed a similar move by Guggenheim, which shuttered the Guggenheim Emerging Markets Real Estate ETF (EMRE) also this week. The fund tracked an index of real estate firms deriving their revenues from emerging markets. Launched two years ago, EMRE had only $2.3 million in assets under management.

Also this week, ETF Traded Concepts announced plans to close the CrowdInvest Wisdom ETF (WIZE) only about four months after it came to market. The fund should last trade on Sept. 27. At that point, shareholders “may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for Fund shares during that time period,” the company said in a press release.

The fund will liquidate at the end of the month.

Contact Cinthia Murphy at [email protected]

 

etf.com is the single source for ETF intelligence. We provide real-time ETF news and analysis to educate investors and drive financial knowledge in the space. Our personalized and accurate information, alongside industry-leading financial tools, are depended upon to develop winning investment and financial decisions. At etf.com, we strive to serve both the individual investor as well as the professional financial advisor to educate and grow the ETF community.