AlphaClone, Inc. Announces Closure Of AlphaClone International ETF (ALFI)
- AlphaClone, Inc. Announces Closure Of AlphaClone International ETF (ALFI)
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- After careful consideration, the Board of Trustees of ETF Series Solutions has determined to close and liquidate the AlphaClone International ETF (Cboe BZX: ALFI) ("ALFI").
- AlphaClone, Inc. serves as the investment adviser to ALFI, and Vident Investment Advisory, LLC serves as the sub-adviser to ALFI. AlphaClone recommended the closure and liquidation of ALFI after consideration of current market conditions, as well as the fund's prospects for growth, among other factors.
- After the close of business on June 28, 2018, ALFI will no longer accept orders for new creation units, and trading in shares of ALFI on the Cboe BZX Exchange, Inc. will be halted prior to market open on June 29, 2018. Proceeds of the liquidation will be sent to shareholders promptly after June 29, 2018.
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