NEW YORK, Sept. 18, 2015 /PRNewswire/ -- Emerging Global Advisors (EGA), the investment advisor to the EGShares exchange-traded funds ("Funds"), today announced it will close two Funds representing less than 2% of assets under management.
"We regularly review our lineup of Funds as part of our commitment to helping investors with their portfolio allocations to emerging markets," said EGA President and Founder Robert C. Holderith. "These Fund closures provide an opportunity to further streamline our product offering."
Trading on the NYSE Arca for the shares of the Funds listed below will be suspended prior to the open of business on Monday, November 2, 2015. Shareholders may sell their holdings on or before Friday, October 30, 2015 and may incur customary brokerage charges. Shareholders who do not sell their holdings on or before Friday, October 30, 2015 will receive cash equal to the amount of the net asset value of their shares. The liquidating distributions are expected to be paid on or about Friday, November 6, 2015. The Advisor will bear all legal and administrative expenses associated with these Fund closures.
The Board of Trustees of the EGA Emerging Global Shares Trust has authorized these Fund liquidations. The affected Funds are:
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Fund Name
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Ticker Symbol
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EGShares Blue Chip ETF
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BCHP
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EGShares Brazil Infrastructure ETF
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BRXX
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Please see the Supplement dated September 18, 2015 to the Prospectus dated July 29, 2015 for each of the Funds listed above for important disclosures regarding the closures. For more information about the liquidation and termination process, please contact EGA at (888) 800-4347.
About Emerging Global Advisors
Emerging Global Advisors (EGA) is a leading provider of strategic beta portfolios in emerging markets and we employ a disciplined, rules-based investment process rooted in research and portfolio strategy. Our investment strategies, including our EGShares suite of ETFs, are designed to help investors generate alpha within their emerging and frontier market allocations. We offer core equity, thematic and equity income emerging and frontier market exposures.
Disclosures
Carefully consider a Fund's investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Fund's prospectus, which may be obtained by calling + 1 888 800 4347 or by visiting the Fund's website egshares.com to view or download a prospectus. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and lower trading volume. These Funds will concentrate their investments in issuers of one or more particular industries to the same extent that its Underlying Index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration risk results from maintaining exposure to issuers conducting business in a specific industry. Small-cap and mid-cap companies generally will have greater volatility in price than the stocks of large companies due to limited product lines or resources or a dependency upon a particular market niche. One cannot invest directly in an index.
ETF shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund.
Robert Holderith is a registered representative of ALPS Distributors, Inc.
EGA and EGShares Funds are distributed by ALPS Distributors, Inc. Emerging Global Advisors acts as the investment advisor to the Fund. ALPS and Emerging Global Advisors are unaffiliated entities.
© 2015 Emerging Global Advisors, LLC. All rights reserved. EGA®, EGShares℠ and EGAI℠ are service marks of Emerging Global Advisors, LLC. All other trademarks, service marks or registered trademarks are the property of their respective owners.
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JCPR
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SOURCE Emerging Global Advisors