WisdomTree expands to Asia Pacific

WisdomTree has partnered with another exchange-traded product specialist in an attempt to expand globally, starting in Asia Pacific.

The New York-based asset manager is collaborating with Premia Partners, an ETF and smart beta solutions provider based in Hong Kong.

WisdomTree executive vice president and head of global distribution, Kurt MacAlpine, said this new relationship complements the existing business in Japan.

"As ETF adoption increases throughout the Asia-Pacific region, we are pleased to work with Premia Partners in this important market to further broaden our footprint and expand awareness among Asia ex-Japan's institutional investors," MacAlpine said.

Premia Partners' latest collaboration adds to two partnerships announced last year.

Premia Partners managing partner Rebecca Chua said: "Last October in collaboration with [Chinese Securities Index] and Caixin Rayliant, we launched the first multi-factor China A-shares smart beta ETFs for bedrock and new economy exposure."

The two smart beta products track the CSI smart beta indices, which employ methodology provided by Caixin Rayliant Smart Beta.

Listed on the HKEX, the ETFs utilise a fundamental, multi-factor approach, and each consists of about 300 Shanghai and Shenzhen listed stocks. Both ETFs are physical A-shares ETFs utilising Stock Connect and have a total expense ratio of 0.50% compared to the 1% average fee typically observed in the industry.

The Premia CSI Caixin China Bedrock Economy ETF tracks the CSI Caixin Bedrock Economy Index, which aims to capture leading companies that drive the mainstream economy of China, based on economic size, financial health and low risk characteristics.

The Premia CSI Caixin China New Economy ETF tracks the CSI Caixin New Economic Engine Index, which aims to capture leaders from new economy industries, selected based on non-fixed asset size, financial health and growth characteristics.

In entering this new relationship with WisdomTree, Chua said: "we look forward to leveraging on their smart beta innovator DNA to bring differentiated ETF solutions to our investors."

Read more: WisdomTreePremia PartnersCaixin RayliantKurt MacAlpinePremia CSI Caixin China New Economy ETFRebecca ChuaCSI Caixin Bedrock Economy IndexCSI Caixin New Economic Engine IndexHKEX
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