Bringing you live news and features since 2006 

Exchange Traded Concepts to close Falah Russell-IdealRatings US Large Cap ETF

RELATED TOPICS​

The board of trustees of ETF Series Solutions has decided to close and liquidate the Falah Russell-IdealRatings US Large Cap ETF (FIA).

Exchange Traded Concepts (ETC) serves as the investment adviser and Vident Investment Advisory serves as the sub-adviser to the fund. 
 
Following the closure of the fund, Falah Capital, the fund's sponsor, intends to continue exploring new investment strategies to meet the investing needs of its client base in the US and abroad.
 
The fund will be closed to orders for new creation units as of 30 June 2016, and the last day of trading of the fund's shares on the NYSE Arca will be 14 July 2016.
 
Beginning on 30 June 2016, the fund will be liquidating its portfolio assets. This will cause the fund to increase its cash holdings and deviate from the investment objective and strategies stated in the fund's prospectus. The fund will liquidate on or around 15 July 2016.
 
On or about the liquidation date, the fund will liquidate its assets and distribute cash pro rata to all remaining shareholders. These distributions are taxable events. In addition, these payments to shareholders will include accrued capital gains and dividends, if any.
 
As calculated on the liquidation date, the fund's net asset value will reflect the costs of closing the fund. Once the distributions are complete, the fund will terminate.

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by