Grail Advisors has announced that it will close two actively-managed ETFs the firm currently offers through a partnership with RiverPark Capital. Trading in the RP Technology ETF (RPQ) and RP Financials ETF (RFF) will be suspended prior to the market open on August 30, and shareholders will have their shares redeemed for cash the following day. Grail and RiverPark will be covering all costs related to the shuttering of the funds.
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