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LONDON - Legal & General (LON:LGEN) UCITS ETF Plc announced Friday it will close and wind up its L&G E Fund MSCI China A UCITS ETF through a compulsory redemption of all shares, according to a press release statement.
The USD Accumulating ETF share class (ISIN:IE00BHBFDF83) will cease trading on relevant exchanges after August 26, 2025, which the company has designated as the final exchange trading date.
Authorized participants can submit final subscription and redemption applications until 4:00 pm on August 26, with the final dealing date set for August 27. After this date, the fund will no longer accept subscriptions or redemptions.
Any remaining shares in the sub-fund as of September 3 will be compulsorily redeemed, with the underlying investments liquidated to facilitate payment distribution to investors. The ETF will be removed from the Official List of the Financial Conduct Authority (FCA) effective September 9.
Investors can expect to receive proceeds from the compulsory redemption around September 10 through their respective settlement systems.
The company noted that during the closure process, the sub-fund’s ability to meet its investment objective may be compromised as the portfolio is liquidated, potentially increasing tracking error risk.
The decision to close the fund was made "after careful consideration and with the long term interests of the underlying shareholders in mind," according to the company’s statement.
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