WisdomTree on Thursday introduced two exchange-traded funds with completely different missions.
The WisdomTree ICBCCS S&P China 500 Fund (WCHN) tracks the S&P China 500 Index that provides diversified exposure to Chinese equities including Mainland-listed A-shares and offshore listings. The index contains 500 of the largest, most liquid Chinese companies by total market capitalization and median daily dollar trading volume within the 11 GICS (Global IndustryClassification Standard) sectors.
The index is weighted by float-adjusted market capitalization. The fund’s net expense ratio is 0.55 percent.
The Wisdom Tree Balanced Income Fund (WBAL) is an ETF of ETFs that follows the WisdomTree Balanced Income Index that allocates 60 percent to equities and 40 percent to fixed income. It currently comprises nine Wisdom Tree ETFs, along with small positions in two iShares ETFs.
The fund’s net expense ratio is 0.35 percent.