WisdomTree Announces ETF Share Split
October 01 2020 - 8:00AM
WisdomTree (NASDAQ: WETF), an exchange-traded product (“ETP”)
sponsor and asset manager, today announced a forward share split on
the WisdomTree China ex-State-Owned Enterprises Fund (CXSE).
Forward splits increase the number of shares outstanding and
decrease the price per share. The split will not change the total
value of a shareholder’s investment.
The stock split will apply to shareholders of record as of the
close of the markets on October 14, 2020, payable after the close
of the markets on October 16, 2020. Shares will trade at their
post-split price on October 19, 2020.
Ticker |
Fund Name |
NAV per
Share (as of
9/29/2020) |
Split Ratio |
CXSE |
WisdomTree China ex-State-Owned Enterprises Fund |
$109.05 |
2:1 |
The following table illustrates the effect of a hypothetical
2-for-1 forward share split:
Period |
Number of Shares Owned |
Hypothetical Price per
Share |
Total Value of Shares |
Pre-Split |
100 |
$100.00 |
$10,000 |
Post-Split |
200 |
$50.00 |
$10,000 |
The WisdomTree Capital Markets team is continually evaluating
the suite of WisdomTree funds for potential operational or other
changes that seek to benefit investors, with particular focus on
ETF trading.
Michael Barrer, WisdomTree Associate Director or Capital
Markets, “As CXSE continues to gain traction and interest from
investors, splitting the fund’s price 2:1 has the potential to
result in tighter bid/ask spreads for the benefit of all
investors. Furthermore, the lower price point of the fund
allows for a smaller minimum investment, as well as further ease
when rebalancing ETF portfolios, among other potential
benefits.”
Investors should carefully consider the investment
objectives, risks, charges and expenses of the Funds before
investing. To obtain a prospectus for WisdomTree Funds containing
this and other important information, please call 866.909.9473 or
visit WisdomTree.com to view or download a prospectus. Investors
should read the prospectus carefully before
investing.There are risks associated with investing,
including the possible loss of principal. Foreign investing
involves special risks, such as risk of loss from currency
fluctuation or political or economic uncertainty. The Fund focuses
its investments in China, including A-shares, which include the
risk of the Stock Connect program, thereby increasing the impact of
events and developments associated with the region which can
adversely affect performance. Investments in emerging or offshore
markets are generally less liquid and less efficient than
investments in developed markets and are subject to additional
risks, such as risks of adverse governmental regulation and
intervention or political developments. The Fund’s exposure to
certain sectors may increases its vulnerability to any single
economic or regulatory development related to such sector. As this
Fund can have a high concentration in some issuers, the Fund can be
adversely impacted by changes affecting those issuers. Please read
the Fund’s prospectus for specific details regarding the Fund’s
risk profile.
WisdomTree Funds are distributed by Foreside Fund Services, LLC,
in the U.S. only.
WTPR-20200925-0085
About WisdomTree
WisdomTree Investments, Inc., through its subsidiaries in the
U.S. and Europe (collectively, “WisdomTree”), is an exchange-traded
fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset
manager headquartered in New York. WisdomTree offers products
covering equities, fixed income, currencies, commodities and
alternative strategies. WisdomTree currently has approximately
$62.4 billion in assets under management globally. For more
information, please visit www.wisdomtree.com or follow us on
Twitter @WisdomTreeETFs.
WisdomTree® is the marketing name for WisdomTree Investments,
Inc. and its subsidiaries worldwide.
Contact Information:Media RelationsWisdomTree
Investments, Inc. Jessica Zaloom / Amie Lauder+1.917.267.3735 /
+1.416.459.6835jzaloom@wisdomtree.com / alauder@wisdomtree.com
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