WisdomTree Investments (NASDAQ: WETF), the sixth-largest U.S. issuer of exchange traded funds, plans to shutter six of its ETFs next month.
New York-based WisdomTree plans to close the WisdomTree Global ex-U.S. Utilities Fund (NYSEArca: DBU), WisdomTree Global Natural Resources Fund (NYSEArca: GNAT), WisdomTree Commodity Currency Strategy Fund (NYSEArca: CCX), WisdomTree Commodity Country Equity Fund (NYSEArca: CCXE), WisdomTree Coal Fund (NYSEArca: TONS) and the WisdomTree Japan Interest Rate Strategy Fund (NYSEArca: JGBB).
“After the close of business on September 22, 2016, the Fund will no longer accept creation orders. The final day of trading on the Funds’ respective exchange will be Thursday, September 22, 2016. Shareholders who do not sell their Fund shares by this date will have their shares automatically redeemed for cash at net asset value on September 29, 2016, the Funds’ last day of operations,” according to a statement issued by WisdomTree.[related_stories]
As of Aug. 5, 41 ETFs have been closed this year, but with pending closures, excluding Thursday’s from WisdomTree, the number of ETFs closed this year will be over 70 by the end of this month.
An average of 95 ETFs were closed in each of the past two years.