Industry Updates

WisdomTree shuts eight UCITS ETFs

Tom Eckett

a sign from a string

WisdomTree has closed eight ETFs with a total of $54m assets under management (AUM) following a lack of demand from investors.

The eight ETFs are:

  • WisdomTree Emerging Asia Equity Income UCITS ETF (DEMA)

  • WisdomTree Germany Equity UCITS ETF – EUR (DXGY)

  • WisdomTree India Quality UCITS ETF (EPIQ)

  • WisdomTree Japan SmallCap Dividend UCITS ETF (DFJ)

  • WisdomTree ISEQ 20 UCITS ETF (Ireland) (ISEQ)

  • WisdomTree US Multifactor UCITS ETF – USD (USMF)

  • WisdomTree US SmallCap Dividend UCITS ETF (DESE)

  • WisdomTree Cboe S&P 500 PutWrite UCITS ETF – USD (PUTW)

The ETFs will stop trading on 8 September except for PUTW which is set to close on 11 September.

All eight ETFs have been launched since 2014 while PUTW and DFJ were brought to market just two years ago in 2018.

In a note to shareholders, WisdomTree said: “WisdomTree has identified certain sub-funds of the ICAV which have not gathered significant turnover or demand from investors and is therefore closing these funds in order to better serve products which have enjoyed more traction and make room for more relevant innovation going forward.”

A spokesperson said in a statement: “WisdomTree continuously reviews its product set to ensure that it provides compelling and differentiated investment opportunities.

“As a result of a comprehensive review and feedback from clients, WisdomTree has decided to carry out the closure of these products to continue to focus on innovation and to better serve the products which provide the exposures investors want.”

Closures have become a staple of the ETF industry with products failing to capture significant flows often being closed by issuers.

These are not the first ETPs WisdomTree has shut this year. In May, the firm was forced to close nine commodity ETPs after its swap counterparty, Shell Trading Switzerland, terminated the purchase agreement.

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