Diamyd Medical’s phase 3 diabetes trial passes final safety review
LONDON - WisdomTree Issuer ICAV announced on Wednesday it will compulsorily redeem all shares of two exchange-traded funds (ETFs) as part of a strategic product review, with the final trading day scheduled for November 13, 2025.
The funds being closed are the WisdomTree Recycling UCITS ETF and the WisdomTree Global Automotive Innovators UCITS ETF, according to a company statement.
WisdomTree cited insufficient market demand and competitive positioning as key factors in the decision. The company stated these funds "have not gathered significant turnover or demand from investors" and are being closed "to better serve products which have enjoyed more traction and make room for more relevant innovation."
Investors have two options: sell their positions on or before November 13, 2025, which is the last day the ETFs will trade on their respective exchanges, or wait for the compulsory redemption process to complete.
The compulsory redemption date is set for November 25, 2025, with payment of redemption proceeds expected to be processed around December 4, 2025.
WisdomTree noted that in the days leading up to the redemption date, the funds may deviate from their stated investment policies as underlying assets are liquidated, potentially affecting tracking error.
The company emphasized this decision follows a "comprehensive review" of its product offerings and does not impact any of its other ETFs. The announcement was made three months in advance to provide investors sufficient time to make investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.