WisdomTree Launches First China Dividend Ex-Financials Fund (CHXF)
CHXF Offers Diversified Exposure to Growth Potential of China
Fund removes volatility of financial sector, presenting meaningful alternative to traditional China index-based strategies
NEW YORK, Sept. 19, 2012 (GLOBE NEWSWIRE) -- WisdomTree (Nasdaq:WETF), an exchange-traded fund ("ETF") sponsor and asset manager, today announced the launch of the WisdomTree China Dividend ex-Financials Fund (CHXF) on the NASDAQ Stock Market. CHXF is designed to provide broad-based exposure to Chinese dividend-paying stocks outside of the financial sector and has an expense ratio of 0.63%.
Luciano Siracusano, WisdomTree Chief Investment Strategist, stated "The case for investing in China has become increasingly apparent to investors, but we believe some of the most popular China index-based strategies fail to offer diversified exposure. In fact, the FTSE China 25 Index 1 – tracked by the biggest China ETF in the U.S. – has more than 50% of its weight in the financial sector. 2 We think investors should be able to access the growth potential of China without taking on such concentration risk, and have designed CHXF to offer a broader, diversified basket of Chinese dividend-paying securities." The WisdomTree China Dividend ex-Financials Fund (CHXF) seeks to offer:- A diversified basket of Chinese dividend-paying securities
- No financial exposure
- A dividend-weighted approach
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