SUMMIT, N.J.--(BUSINESS WIRE)--ETF Managers Group LLC (ETFMG) announced today that the Board of Trustees of the ETF Managers Trust has decided to close the Rogers AI Global Macro ETF (BIKR) based on an ongoing review of market demand. Effective immediately, BIKR will increase its cash holdings in contemplation of liquidation, will no longer accept creation orders, and will no longer seek to track the Fund’s underlying index.
Trading will be suspended on the NYSE Arca at the closing of the market on July 12, 2019. Proceeds of the liquidation are scheduled to be sent to shareholders on or before July 17, 2019. For additional information, shareholders can visit www.etfmg.com/BIKR.
ETFMG is a provider of exchange-traded funds (ETFs), founded in 2014 with a vision of developing innovative thematic ETFs that provide investors unique exposure to new markets. Today, the ETFMG fund line up provides access to a diverse collection of global themes and is comprised of 75% first to market products. We turn portfolio management strategies into successful ETFs by partnering with market segment experts to bring long-term growth opportunities to investors. ETFMG funds are proof as to the power of the ETF wrapper and that thematic products can have a place in the average investor’s portfolio. For more information, please visit www.etfmg.com.
Before investing, carefully consider the Fund’s investment objectives, risk factors, charges, and expenses. This and additional information can be found in the Fund’s prospectus, which may be obtained by calling 1-844-ETF-MGRS (1-844-383-6477), or by visiting www.etfmg.com/BIKR.
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Narrowly focused investments typically exhibit higher volatility.
The fund is distributed by ETFMG Financial LLC.