WisdomTree Asset Management Canada announced Aug. 3 the launch of two new exchange-traded funds (ETFs): the WisdomTree Japan Equity Index ETF (JAPN and JAPN.B) and the non-hedged units of the WisdomTree ICBCCS S&P China 500 Index ETF (CHNA.B), which have begun trading on the TSX.
"Japan is a market that has been under-owned by investors for decades. However, across developed market economies, it represents a compelling opportunity as the Japanese economy is poised for growth, corporate fundamentals remain strong, valuations are cheap relative to Canada, and the Bank of Japan is likely to remain accommodative," said Jeff Weniger, WisdomTree Asset Allocation Strategist.
One of the fastest-growing economies in the world
Weniger added that the WisdomTree ICBCCS S&P China 500 Index ETF provides investors with the opportunity to efficiently access diverse sectors in one of the largest and fastest-growing economies in the world. "We expect to see China's economy expand further as the government increases integration efforts with global investors. Chinese equities are certainly an area where index-based concepts are in high demand."