Luciano Siracusano, WisdomTree chief investment strategist

WisdomTree launches first China dividend ex-financials fund

WisdomTree, an exchange-traded fund sponsor and asset manager, has launched 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 per cent.

Luciano Siracusano (pictured), WisdomTree chief investment strategist, says: “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 – tracked by the biggest China ETF in the US – has more than 50 per cent of its weight in the financial sector. 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 fund seeks to offer a diversified basket of Chinese dividend-paying securities, no financial exposure and a dividend-weighted approach.

“The addition of CHXF makes for WisdomTree’s third ‘ex-financials’ strategy fund, joining The WisdomTree Dividend ex-Financials Fund (DTN) and The WisdomTree International Dividend ex-Financials Fund (DOO), ” Siracusano says. “We have found that removing financials is an attractive tool for investors focusing on risk management in particular equity markets.”

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