- FOR IMMEDIATE RELEASE -
AdvisorShares Announces Fund Closure
BETHESDA, Md. — September 21, 2018 – AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today that the AdvisorShares KIM Korea Equity ETF (NYSE Arca: KOR) will close. The AdvisorShares Board of Trustees approved the closing and subsequent liquidation of KOR. The fund’s last day of trading will be October 1, 2018, which will also be the final day for creations or redemptions by authorized participants. The fund will cease operations, withdraw its assets, and distribute the remaining proceeds to shareholders on or after October 8, 2018.
For financial professionals and investors requesting more information, please visit www.advisorshares.com or call the AdvisorShares Investment Consultant Team at 1-877-THE-ETF1 (1-877-843-3831).
A leading provider in the actively managed ETF marketplace, AdvisorShares offers 17 active ETFs with $800 million of assets under management (as of September 14, 2018). Visit www.advisorshares.com to register for complimentary commentary and weekly updates. Visit www.alphabaskets.com for educational insight on the active ETF marketplace, and follow @AdvisorShares on Twitter and on Facebook.