WisdomTree Launches Asia ETF

WisdomTree has launched the WisdomTree Asia Local Debt Fund (ALD).

The exchange-traded fund (ETF) is designed to provide exposure to Asian debt denominated in local currencies, excluding Japan, and has an expense ratio of 0.55%. The fund currently has $145 million in assets and is actively managed.   

“We are excited to launch the Industry’s first Asia Local Debt ETF and believe the capital surpluses and strong growth and yield potential of the Asian economies make for an attractive fixed income offering,” said Bruce Lavine, WisdomTree President & COO, in a press release.  

More about WisdomTree is at http://www.wisdomtree.com.