ETF Managers Group’s whiskey ETF runs dry

Jun 7th, 2018 | By | Category: Equities

ETF Managers Group has announced the closure of the Spirited Funds/ETFMG Whiskey & Spirits ETF (WSKY US) following a review of market demand.

ETF Managers Group “Whiskey” ETF runs dry

Trading will be suspended on the NYSE Arca on 15 June 2018 and proceeds of the liquidation to be sent to shareholders on 20 June 2018.

The ETF tracks the Spirited Funds/ETFMG Whiskey & Spirits Index, which was designed to track the performance of publicly traded companies listed in developed and emerging markets.

The index includes core companies that are principally engaged in the production, distillation, storage, or aging of whiskey and non-core companies that derive a portion of their revenue from whiskey and spirits.

The Index is designed to include the most liquid and investable universe of companies listed on the exchanges of developed and emerging markets.

It was launched in 2016.

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