WisdomTree Adds Two More ETFs to Its Lineup

WisdomTree launched two more exchange traded funds Thursday, one to help investors target China’s larger companies across the full range of various Chinese share types and another fund-of-fund type strategy focused on income generation.

On Thursday, WisdomTree rolled out the WisdomTree ICBCCS S&P China 500 Fund (NYSEArca: WCHN) and WisdomTree Balanced Income Fund (NYSEArca: WBAL), which have a 0.55% and 0.35% expense ratio, respectively.

The ICBCCS S&P China 500 Fund will try to reflect the performance of the S&P China 500 Index, a group of 500 of the largest, most liquid Chinese companies by market capitalization and one of the only broad-based indices with exposure to all Chinese equity share classes, listed both in mainland China and internationally.

“WisdomTree’s established presence in the ETF space complements ICBCCS’s in-depth understanding of the Chinese markets,” Vincent Chen, Head of Index and Quantitative Investment at ICBC Credit Suite Asset Management (International), said in a note.

Due to its more diversified exposure to Chinese equity share classes, the fund’s sector weights may also be more diverse, compared to other China-related indices and funds. Specifically, WCHN top sector weights include information technology 32.0%, financials 24.2% and consumer discretionary 12.3%.