Rize ETF shutters four thematic funds

Medical Cannabis and Pet Care

Eve Maddock-Jones
clock • 1 min read

Rize ETF has closed four of its thematic ETF portfolios in a move the firm said it in the “best interests of the investors”.

According to notices on the London Stock Exchange, Rize will close: Rize Education Tech and Digital Learning UCITS ETF, Rize Medical Cannabis and Life Sciences UCITS ETF, Rize Pet Care UCITS ETF and Rize Emerging Market Internet and Ecommerce UCITS ETF. The Education and Medical Cannabis portfolios were opened in 2020, while the others were only opened in March last year. AssetCo sells loss-making Rize ETF to Cathie Wood's ARK Invest In the notices, the management noted that after the first year anniversary of all of the funds, the directors is able to trigger a redemption of all t...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Eve Maddock-Jones
Author spotlight

Eve Maddock-Jones

Features Editor at Investment Week

Trustpilot