WisdomTree, one of the largest issuers of currency hedged and smart beta ETFs, said it plans to close nine of its ETFs.
“The Funds will no longer accept creation orders after Friday, March 16, 2018. The final day of trading on the Funds’ respective exchanges will also be Friday, March 16, 2018,” said WisdomTree in a statement. “Shareholders who do not sell their Fund shares by this date will have their shares automatically redeemed for cash based on the Funds’ net asset value (NAV), which is expected to be provided to shareholders through their brokers or other financial intermediaries on or around Friday, March 23, 2018, the Funds’ last day of operations.”
Among the ETFs slated to be closed by WisdomTree are the WisdomTree Japan Hedged Capital Goods Fund (NYSEArca: DXJC), WisdomTree Japan Hedged Health Care Fund (NYSEArca: DXJH) and the WisdomTree Japan Hedged Real Estate Fund (NYSEArca: DXJR).
The WisdomTree Strong Dollar Emerging Markets Equity Fund (NYSEARCA:HMSD), WisdomTree Global ex-US Hedged Real Estate ETF (NYSEARCA:HDRW), WisdomTree US Export & Multinational ETF (NYSEARCA: WEXP) and the WisdomTree US Domestic Economy ETF (NYSEARCA: WUSA) will also be liquidated.