Add One More to The China ETF Fray
The world of ETFs offering exposure to China could grow by one as WisdomTree (Nasdaq: WETF), the seventh-largest U.S. ETF issuer by assets, has filed plans with the Securities and Exchange Commission to possibly list the WisdomTree China Dividend ex-Financials Index Fund.
The ETF would track the WisdomTree China Dividend ex-Financials Index, which is comprised of the 10 highest dividend-yielding companies in each sector except financials, selected from a universe of Chinese companies with at least $1 billion of float-adjusted market capitalization, according to the filing.
WisdomTree, the only publicly traded pure play ETF firm, has made a name for itself primarily with its suite of dividend and emerging markets funds, but to date the firm has not sponsored a China-specific ETF. There are nearly 230 ETFs currently on the market offering exposure to China, according to ETFdb.com.
The index for the WisdomTree China Dividend ex-Financials Index Fund includes companies from the Consumer discretionary, consumer staples, energy, health care, industrials, technology, utilities, materials and telecom groups.
A ticker and expense ratio were not included in the filing.
Among WisdomTree's more popular emerging markets ETFs are the WisdomTree India Earnings ETF (NYSE: EPI), WisdomTree Asia Local Debt ETF (NYSE: ALD), the WisdomTree Emerging Markets Local Debt ETF (NYSE: ELD) and the WisdomTree Emerging Markets Small Cap Dividend ETF (NSYE: DGS).
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