's board of directors voted to close ten ETFs Thursday. The funds headed for liquidation account for 3 percent of WisdomTree's $6 billion in AUM. The shuttering will leave Wisdom Tree's fund roster 42 ETFs deep.
The 10 closing ETFs include:
WisdomTree International Technology Sector Fund
WisdomTree International Financial Sector Fund
WisdomTree International Health Care Sector Fund
WisdomTree International Consumer Staples Sector Fund
WisdomTree International Consumer Discretionary Sector Fund WisdomTree International Industrial Sector Fund
WisdomTree International Communications Sector Fund
WisdomTree Europe Total Dividend Fund WisdomTree Earnings Top 100 Fund WisdomTree U.S. Short Term Government Income Fund
March 24 will be the last day of trading, according to the SEC filing
. The next day the funds will close to all new investors and begin liquidating portfolio assets to increase cash holdings.
WisdomTree is closing the funds to free up capacity for its growth initiative, spokesperson Stuart Bell
told The MFWire
. The company has no plans to make further closures.
Earlier this month, WisdomTree launched its newest ETF, the WisdomTree International Hedged Equity Fund
. The company is also going to be adding its currency hedging feature to the WisdomTree Japan Total Dividend Fund
on April 1, noted Bell.
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