Exchange Traded Concepts Announces NAV error in the Gavekal Knowledge Leaders ETFs

OKLAHOMA CITY, Aug. 31, 2015 /PRNewswire/ -- Exchange Traded Concepts, LLC today announced that the previously disclosed per share net asset values (NAV) of the Gavekal Knowledge Leaders Exchange Traded Funds set forth in the table for August 27, 2015 contained errors greater than 1%. The errors resulted from a technical malfunction at our third party administrator, The Bank of New York Mellon.

Exchange Traded Concepts, LLC has served as the Funds' investment advisor since each Fund's inception. ETC is a privately-held company which provides a variety of investment services, including asset management and financial advisory services, with collective assets under management of approximately $2.5 billion as of July 31, 2015 through exchange traded funds.

Please consider the Fund's investment objectives, risks, charges and expenses before investing. The prospectus or summary prospectus that contains this and other information about the Funds is available by calling 844-GAVEKAL and should be read carefully.

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 Gavekal ETFs are distributed by Foreside Fund Services, LLC.

Shares of the Funds may be sold throughout the day on the exchange through any brokerage account. However, shares are not individually redeemable, and may only be redeemed directly from the Fund by Authorized Participants, in very large creation/redemption units. There can be no assurance that an active trading market for shares of an ETF will develop or be maintained. Shares may trade above or below NAV.

SOURCE Exchange Traded Concepts, LLC