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ETF Managers Group to close two ETFs


ETF Managers Group (ETFMG) has decided to close the PureFunds ISE Big Data ETF (BIGD) and the PureFunds Solactive FinTech ETF (FINQ) based on an ongoing review of market demand.

Effective immediately, BIGD and FINQ will increase their cash holdings in contemplation of liquidation and will no longer accept creation orders.
Trading will be suspended on the NYSE Arca for BIGD and on Nasdaq for FINQ at the closing of the market on 31 July, 2017. Proceeds of the liquidation are scheduled to be sent to shareholders on or about 1 August, 2017.

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