Rize ETF shutters four thematic funds

Medical Cannabis and Pet Care

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...