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WisdomTree Investments (NASDAQ: WETF) has announced a collaboration with 55ip, leveraging technology to enhance portfolio transitions for financial advisors. This partnership aims to manage capital gains more effectively during client transitions into diversified model portfolios. The solution utilizes 55ip’s ActiveTax Technology® to provide automated trading, tax-loss harvesting, and customized reporting, benefiting Registered Investment Advisors. Currently available within WisdomTree's ecosystem, this innovation reflects an evolving investment landscape where tax considerations are becoming increasingly vital.
WisdomTree Investments (NASDAQ: WETF) reported a $13.5 million net loss in Q4 2020, despite $67.1 million in operating revenues, a 3.7% increase year-over-year. The company experienced net inflows of $881 million, bringing Assets Under Management (AUM) to $67.4 billion, up 11% from Q3 2020. A non-cash charge of $22.4 million was associated with deferred gold payments. The average advisory fee was 0.41%, down 1 basis point. A quarterly dividend of $0.03 was declared, payable on February 24, 2021.
WisdomTree Investments (NASDAQ: WETF) launched the WisdomTree Cybersecurity Fund (WCBR) on NASDAQ, aiming to track the WisdomTree Team8 Cybersecurity Index (WTCBR). With an expense ratio of 0.45%, the fund targets high-growth cybersecurity companies amid increasing demand due to remote work and cloud computing. The fund uses data from Team8 to identify significant cybersecurity development themes, including cloud security and resilience. This launch reflects a strategic response to the critical need for digital security in modern workplaces.
WisdomTree Investments (NASDAQ: WETF) has appointed Smita Conjeevaram to its Board of Directors. CEO Jonathan Steinberg emphasized her extensive leadership experience in financial services, highlighting her background in financial, accounting, and compliance, which will benefit WisdomTree's growth and governance. Conjeevaram previously served as CFO at Fortress Investment Group and has board experience with SS&C Technologies. She holds degrees in Accounting and Economics. WisdomTree manages approximately $68.7 billion in assets globally, focusing on various financial products.
WisdomTree Investments (NASDAQ: WETF) announced plans to release its fourth-quarter results on January 29, 2021, at 7:00 a.m. ET, accompanied by a conference call at 9:00 a.m. ET. Investors can access the call via webcast on WisdomTree's Investor Relations website, with a replay available afterward. The company, headquartered in New York, manages approximately $68.5 billion in assets globally, offering a diverse range of products across various asset classes.
WisdomTree has reorganized its Continuous Commodity Index Fund into the WisdomTree Enhanced Commodity Strategy Fund, aiming to offer broad-based commodity exposure through futures contracts.
The new fund, with an expense ratio of 0.55%, diversifies across over 25 commodities in four major sectors, enhancing its strategy to maximize carry and reduce volatility. This shift comes amid rising inflation concerns as economies recover from lockdowns, making commodities attractive hedges. Investors should consider the associated risks before investing in this new fund.
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