Nasdaq Dorsey Wright

ETF closures and launches.

The Restaurant ETF BITE, which was launched late 2015 is set to close on December 22nd, 2016. It currently has less than $1.5 million in assets. The fund has one direct competitor, the USCF Restaurant Leaders ETF (MENU), which launched in November.

The WEAR ETF (WEAR) has been launched by Exchange Traded Concepts and is listed on the Bats exchange. WEAR covers wearable technology and seeks to track an index provided by EQM Indexes. The fund comes with an expense ratio of 0.85%.

The two remaining equity ETFs from ETF Securities are closing down. The ETFS Zacks Earnings Large-Cap U.S. Index Fund ZLRG and ETFS Zacks Earnings Small-Cap U.S. Index Fund ZSML will both trade up until January 23, 2017. These funds were not able to gather a significant amount of assets and therefore will be closing. ETFs Securities shut down two other funds in November.

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