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WisdomTree launches ICBCCS S&P China 500 Fund and Balanced Income Fund


Exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager WisdomTree, has launched two new ETFs, the WisdomTree ICBCCS S&P China 500 Fund (WCHN) and the WisdomTree Balanced Income Fund (WBAL).

WCHN is listed on the NYSE Arca and seeks to track the price and yield performance, before fees and expenses, of the S&P China 500 Index and has a net expense ratio of 0.55 per cent.

When measured purely by market capitalisation, China has the second largest equity market in the world.1 Over the last decade, Chinese policy-makers led by President Xi Jinping have sought to gradually open the historically off-limits Chinese markets to outside capital.

Jeremy Schwartz, WisdomTree Director of Research, says: “China offers an attractive mix of high growth rates, a burgeoning middle class, and an economy poised to climb the value chain from export-oriented growth. China’s influence among global financial markets is likely to grow as the government increases integration among global investors.”

Michael Orzano, Senior Director, Global Equity Indices at S&P Dow Jones Indices, says: “Market participants worldwide are expressing interest in measuring markets through independent, transparent benchmarks, and Chinese equities is an area where index-based concepts are in high demand. We are delighted to license the S&P China 500 Index to both WisdomTree and ICBC Credit Suisse.”

Vincent Chen, Head of Index and Quantitative Investment at ICBC Credit Suite Asset Management (International), adds: “WisdomTree’s established presence in the ETF space complements ICBCCS’s in-depth understanding of the Chinese markets – we look forward to working together to provide investors with solutions for diversified and efficient access to this region.”

The S&P China 500 Index is one of the only broad-based indexes offering exposure to all Chinese equity share classes, listed both in Mainland China and internationally. In addition, because the S&P China 500 Index reflects the sector composition of the total universe of Chinese companies, it has a more diversified sector exposure when compared with other China-focused indexes.

Schwartz says: “The WisdomTree ICBCCS S&P China 500 Fund provides investors with the broadest exposure to a fast-growing economy in the early stages of liberalizing their capital markets. In addition, investors can gain exposure to Chinese equities without the concentration risk of competing indexes.”

WisdomTree has also launched the WisdomTree Balanced Income Fund (WBAL), on the NYSE Arca. WBAL seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Balanced Income Index and has a net expense ratio of 0.35 per cent.

The Index is designed to provide a balanced exposure to global equities and fixed income and is comprised of ETFs. The ETFs comprising the Index, which may include WisdomTree ETFs and non-WisdomTree ETFs, must trade on a US stock exchange and are reconstituted and rebalanced annually to approximately 60 per cent equity exposure and 40 per cent fixed income exposure.

Luciano Siracusano, WisdomTree Chief Investment Strategist, says: “The WisdomTree Balanced Income Fund (WBAL) offers investors access to income-generating asset classes across the globe. WBAL incorporates WisdomTree strategies that have proven themselves in the marketplace over the past decade, while also incorporating some of the firm’s more recent products into one integrated solution.”

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