WisdomTree Investments Inc., a New York exchange-traded fund manager, received approval to sell some of its products in Chile.
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Comisión Clasificadora de Riesgo, the Chilean pension funds regulator, announced Wednesday it approved 34 WisdomTree exchange-traded funds to be sold to Chilean pension funds.
Bruce Lavine, WisdomTree's president and chief operating officer, said in a press release that he wants to expand sales further in Latin America and then into Europe and beyond.
WisdomTree has a family of fundamentally weighted indexes and exchange-traded funds. The company, which introduced its first exchange-traded fund in 2006, manages $4 billion of assets.
