8634 wisdomtree launches china payout etf

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Wisdomtree Launches China Payout ETF

Written by Journal of Indexes Europe Staff

  
October 29, 2012

WisdomTree, the only publicly traded company focused exclusively on sponsoring exchange-traded funds, has rolled out an ETF that will serve up access to nonfinancial Chinese companies that pay attractive dividends.

The WisdomTree China Dividend ex-Financials Fund will track a proprietary index that measures the performance of the 10 largest stocks by float adjusted market capitalization in various sectors—including consumer discretionary and staples, energy, health care, industrials, information technology, materials, telecommunication services and utilities—but that excludes financial names. CHXF will cost 0.63 percent in annual fees.

The launch caters to investors’ appetite not only for exposure to income-generating strategies at a time of ultra-low interest rates, but for access to China. China is battling an economic slowdown in its own turf, but the country remains nonetheless a key player in the global economy, particularly in the emerging market space.

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