Credit Suisse, through the Board of Directors of the Credit Suisse Index Fund (IE) ETF ICAV, has resolved to terminate the CSIF (IE) DAX 50 ESG Blue UCITS ETF B EUR (IE00BKVD2J03), after determining the Sub-Fund's net asset value is below the minimum fund size, and that it is impracticable or inadvisable for it continue to operate given prevailing market conditions and the best interests of shareholders.
The Board has agreed to terminate the Sub-Fund with effect from 9 June 2023 (the "Fund Closure Date"), in accordance with the instrument of incorporation of the Irish Collective Asset-management Vehicle (ICAV). The decision is not related to any news or events concerning UBS and Credit Suisse.
The last trading date of the Sub-Fund on the SIX Swiss Exchange will be 6 June 2023.
The delisting of the Sub-Fund from SIX Swiss Exchange Ltd ("the SIX Swiss Exchange") has been applied for according to the regulatory standard for collective investment schemes per 9 June 2023.