WisdomTree Asset Management is prepping the WisdomTree Brazil Bond Fund (BBF) to launch within the next few months.

The fund will bet on debt securities issued by the Brazilian government, quasi-sovereigns and corporations that are organized in Brazil, according to a regulatory filing. ALPS Distributors serves as the distributor for the fund.

In other firm news, the firm last week announced that the WisdomTree Japan Hedged Equity Fund (DXJ) recently surpassed $5 billion in assets. DXJ is marketed as a fund that offers broad exposure to the Japanese equity market – with a tilt toward exporters, who may stand to benefit from a depreciating yen – while hedging the currency fluctuations between the value of the Japanese yen to the U.S. dollar.

The fund launched in June 2006 and is managed by Thomas Durante.

WisdomTree currently offers 47 ETFs totaling some $24.3 billion in assets under management.

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