ATLANTA, Feb. 22, 2018 /PRNewswire/ -- Vident Financial,
LLC announced today its plans to change the primary listing venue
across all Vident ETFs from Nasdaq to NYSE Arca. The Funds involved
include, the Vident International Equity ETF (VIDI), The Vident
Core U.S. Equity ETF (VUSE), The Vident Core U.S. Bond Strategy ETF
(VBND) and The Weatherstorm Forensic Accounting Long-Short ETF
(FLAG).
The Vident ETF's (VIDI, VUSE, VBND & FLAG) will retain their
current ticker symbols with the NYSE Arca listing. The Funds will
commence trading on NYSE Arca upon market open on March 1, 2018. Until that time, the funds will
continue to trade on the NASDAQ.
"At Vident, we are continuously evaluating ways to more
effectively promote and deliver our expertise to the widest range
of investors as possible," said Vince
Birley, CEO of Vident Financial, LLC.
Current (VIDI, VUSE, VBND, FLAG) shareholders are not required
to take any actions as a result of this change.
About Vident Financial
Vident Financial develops investment market solutions (indices and
funds) based on a distinct philosophy. Their investment strategies
are founded upon sound principles that help identify environments
where capital is going to thrive long-term, measuring different
factors (human productivity, quality leadership, etc.) embedded
within multiple process
layers. Visit www.videntfinancial.com for
more information.
Vident ETF's are dedicated to a principle based investing
approach, overweighting in countries and companies with strong
leadership and governance that foster greater prosperity.
Therefore, prudent fiscal management and ethical governance are
emphasized.
Vident Financial has been dedicated to answer to one
shareholder, the Vident ETF shareholder. Vident's company structure
assures that excess profits are used on for ETF shareholders either
in the form of further research or fee reductions;
Vident recently announced a 10% reduction in fees on the
Vident funds as of January 31, 2018.
Vident's corporate structure advocating for the fund shareholders
has been compared to Vanguard's corporate structure.
The fund's investment objectives, risks, charges and
expenses must be considered carefully before investing. The
prospectus and summary prospectus (VIDI, VUSE, VBND) contains this
and other important information about the investment company, and a
free hardcopy of the prospectus may be obtained by calling
1-800-617-0004. Read carefully before investing.
Mutual fund investing involves risk. Principal loss is
possible.
Unlike mutual funds, ETF's may trade at a premium or discount
to their net asset value.
Carefully consider the WeatherStorm Forensic Accounting
Long-Short Fund's investment objectives, risk factors, charges and
expenses before investing. This and additional information can be
found in the WeatherStorm Forensic Accounting Long-Short Fund's
prospectus, which may be obtained by visiting www.flagetf.com.
Potential investors are advised to read the prospectus carefully
before investing.
Exchange Traded Concepts, LLC serves as the investment
advisor for VIDI, VUSE and VBND, and are sub advised by
Vident Investment Advisory, LLC and are distributed by Quasar
Distributors, LLC. Quasar is not affiliated with Vident Investment
Advisory. FLAG is distributed by SEI Investments Distribution Co.,
which is not affiliated with Exchange Traded Concepts, LLC, Vident
Investment Advisory, WeatherStorm Capital or any of their
affiliates.
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SOURCE Vident Financial, LLC