Gavekal Capital today announced plans to close the Gavekal Knowledge Leaders Emerging Markets ETF (NYSE Arca: KLEM) based on low investor demand for exposure to the emerging markets. Effective February 3, 2017, the fund will be closed to orders for new creation units, and the last day of trading of the fund’s shares will be February 10, 2017.

Customary brokerage charges may apply to such transactions. The fund will liquidate on or around February 13, 2017. On or about February 7, the fund will liquidate its portfolio assets. This will cause the fund to increase its cash holdings and deviate from the investment objective and strategies stated in the fund’s prospectus. The fund will distribute cash pro rata to all remaining shareholders, and these distributions are taxable events and may include accrued capital gains and dividends, if any. As calculated on the liquidation date, the fund's net asset value will reflect the costs of closing the fund. Once the distributions are complete, the fund will terminate.

Exchange Traded Concepts, LLC serves as the investment adviser and Penserra Capital Management, LLC serves as the sub-adviser to the fund. For additional information, please call (844)-GAVEKAL or visit http://gavekalfunds.com/etf-emerging.

About Gavekal Capital

Gavekal Capital identified the Knowledge Effect and created the first investment methodology designed to capture the excess returns of highly innovative companies. Gavekal Capital is creator and designer of the Gavekal Knowledge Leaders Strategy, indexes and investment products.

Carefully consider the Fund’s investment objective, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund’s prospectus, which may be obtained by calling (844)-GAVEKAL, or by visiting http://gavekalfunds.com/etf-emerging.

Read the prospectus carefully before investing.

Investing involves risk, including the possible loss of principal.

Equity securities, such as common stocks, are subject to market, economic and business risks that may cause their prices to fluctuate. Currency Risk is the risk that the values of foreign investments may be affected by changes in the currency rates or exchange control regulations. Investments in foreign securities may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Investing in emerging markets involves different and greater risks, as these countries are substantially smaller, less liquid and more volatile than securities markets in more developed markets. The Fund’s return may not match or achieve a high degree of correlation with the return of the Index. The Fund is distributed by Foreside Fund Services, LLC. (“Foreside”), which is not affiliated with ETC or any of its affiliates. ETC, Penserra and Foreside are not affiliated with Gavekal Capital.