WisdomTree Announces Revised Net Asset Value Information for the WisdomTree Managed Futures Strategy Fund (WTMF)
WisdomTree announced a significant restatement of the net asset value (NAV) for the WisdomTree Managed Futures Strategy Fund (Ticker: WTMF) due to a calculation error. The revised NAV as of June 7, 2021, is $41.2667, down from the original NAV of $46.6578, reflecting a decrease of -$5.3911 or -11.55%. This NAV adjustment is crucial as it may influence investor confidence and trading strategies for WTMF. WisdomTree currently manages approximately $75.7 billion in assets globally.
- WisdomTree manages approximately $75.7 billion in global assets, indicating strong market presence.
- The NAV decrease of -11.55% due to an error may lead to loss of investor confidence.
- The NAV restatement could result in scrutiny from regulators or investors regarding accuracy in reporting.
NEW YORK, June 08, 2021 (GLOBE NEWSWIRE) -- WisdomTree (NYSE: WETF) today announced that the net asset value (“NAV”) for the WisdomTree Managed Futures Strategy Fund (Ticker: WTMF) was restated as shown below. The NAV restatement is a result of an error in calculating the NAV for this ETF:
| Ticker | Fund Name | NAV Date | Revised NAV | Original NAV | NAV Change Amount | NAV Change Percentage | ||
| WTMF | WisdomTree Managed Futures Strategy Fund | 6/7/2021 | - | - | ||||
About WisdomTree
WisdomTree Investments, Inc. through its subsidiaries in the U.S. and Europe (collectively, “WisdomTree”), is an ETF and ETP sponsor and asset manager headquartered in New York. WisdomTree offers products covering equity, commodity, fixed income, leveraged and inverse, currency, cryptocurrency and alternative strategies. WisdomTree currently has approximately
WisdomTree® is the marketing name for WisdomTree Investments, Inc. and its subsidiaries worldwide.
There are risks associated with investing including possible loss of principal. An investment in this Fund is speculative, involves a substantial degree of risk, and should not constitute an investor's entire portfolio. One of the risks associated with the Fund is the complexity of the different factors which contribute to the Fund's performance, as well as its correlation (or non-correlation) to other asset classes. These factors include use of long and short positions in commodity futures contracts, currency forward contracts, swaps and other derivatives. Derivatives can be volatile and may be less liquid than other securities and more sensitive to the effects of varied economic conditions. The Fund should not be used as a proxy for taking long only (or short only) positions in commodities or currencies. The Fund could lose significant value during periods when long only indexes rise (or short only) indexes decline. The Fund's investment objective is based on historic price trends. There can be no assurance that such trends will be reflected in future market movements. The Fund generally does not make intra-month adjustments and therefore is subject to substantial losses if the market moves against the Fund's established positions on an intra-month basis. In markets without sustained price trends or markets that quickly reverse or "whipsaw" the Fund may suffer significant losses. The Fund is actively managed thus the ability of the Fund to achieve its objectives will depend on the effectiveness of the portfolio manager. Due to the investment strategy of this Fund it may make higher capital gain distributions than other ETFs. Please read the Fund's prospectus for specific details regarding the Fund's risk profile.
Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. A prospectus, containing this and other information is available by calling 1-866-909-WISE (9473), or visit wisdomtree.com to view or download a prospectus. Investors should read the prospectus carefully before investing.
WisdomTree Funds are distributed by Foreside Fund Services, LLC, in the U.S. only. Foreside Fund Services, LLC is not affiliated with the other entities mentioned.
Contact Information:
Media Relations
WisdomTree Investments, Inc.
Jessica Zaloom
+1.917.267.3735
jzaloom@wisdomtree.com / wisdomtree@fullyvested.com
FAQ
What caused the NAV restatement for WisdomTree Managed Futures Strategy Fund (WTMF)?
What is the revised NAV for WTMF as of June 7, 2021?
How much did the NAV change for WTMF?
What is the impact of the NAV restatement on investors?
