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NEOS Announces Closure of Mast Global Battery Recycling & Production ETF

1. NEOS ETF Trust is liquidating the Mast Global Battery Recycling Fund. 2. This may affect EV stocks tied to battery production.

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FAQ

Why Bearish?

The liquidation indicates reduced investor confidence in battery recycling, vital for EV supply chains. Historical data shows similar liquidations led to declines in related sectors.

How important is it?

The ETF's focus on battery recycling is crucial for EVs, impacting supply and investor sentiment. Liquidation may signal challenges in the sector, directly influencing EV Companies.

Why Short Term?

The immediate market reaction could see downward pressure on relevant stocks, but long-term impact may stabilize as the sector adjusts.

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WESTPORT, Conn.--(BUSINESS WIRE)--The Board of Trustees (the “Board”) of NEOS ETF Trust (the “Trust”) has determined that it is in the best interests of shareholders to liquidate the Mast Global Battery Recycling & Production ETF (the “Fund”), a series of the Trust, following a recommendation by the Fund's investment adviser, NEOS Investment Management, LLC. The Board has determined to liquidate the Fund with the liquidation payment to its shareholders expected to take place on or about Apr.

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