Vident Financial, LLC Announces Primary Listing Venue Change
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.
SOURCE Vident Financial, LLC
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