Exchange Traded Concepts has announced the termination and liquidation of the JAKOTA K-Pop and Korean Entertainment ETF (NYSE:KPOP). The fund will cease operations and liquidate on April 4, 2025.
Key dates include:
- March 31, 2025: Fund closes to new creation units
- April 1, 2025: Last trading day on NYSE Arca
During the liquidation period, the fund will be managed to facilitate orderly closure, potentially deviating from its stated investment strategy. Shareholders can only sell shares to certain broker-dealers from March 31 through the last trading day. On the Liquidation Date, remaining assets will be distributed pro rata to shareholders as taxable cash distributions, including any accrued capital gains and dividends.
Summary not available.
Summary not available.
CT Investments will launch the KPOP and Korean Entertainment ETF on the NYSE Arca exchange, starting September 1, 2022, under the ticker KPOP. This ETF aims to provide exposure to companies in the entertainment and interactive media sectors related to the K-pop industry. The ETF is structured to hold 70-80% in entertainment and 20-30% in interactive media, rebalancing quarterly. With international music sales from Korean entertainment exceeding $221 million in 2021, this initiative seeks to capitalize on the global growth in K-pop.