Welcome to our dedicated page for WisdomTree news (Ticker: WT), a resource for investors and traders seeking the latest updates and insights on WisdomTree stock.
WisdomTree, Inc. (symbol: WT) is a leading financial services company dedicated to offering a diverse range of exchange-traded products (ETPs) since its inception in June 2006. As the tenth largest ETP sponsor globally, WisdomTree has an impressive suite of domestic, international, and global equities, fixed income, currencies, commodities, and alternative strategies. The company is renowned for pioneering fundamentally weighted ETFs and active ETFs, making it an industry leader in these categories based on assets under management.
What sets WisdomTree apart is its exclusive focus on the ETP industry, and it's the only publicly traded asset manager with this specialization, listed on the NASDAQ Global Market under the ticker: WT.
In addition to its traditional financial products, WisdomTree is at the forefront of financial innovation. The company is actively developing next-generation digital products and structures, including digital funds and tokenized assets. One of their notable digital solutions is the blockchain-native digital wallet, WisdomTree Prime.
WisdomTree's commitment to innovation is matched by its dedication to investor education and transparency. Investors are encouraged to carefully consider the investment objectives, risks, charges, and expenses associated with their funds. Comprehensive prospectuses and other critical information are readily accessible through their website or by calling their investor hotline.
For the latest updates and relevant information about WisdomTree’s performance, events, and developments, investors can follow the company’s news and updates on their official social media channels.
WisdomTree (NYSE: WT), a global financial innovator, released its monthly metrics for November 2024, reporting record assets under management (AUM) of over $113 billion.
The company's AUM increased from $111.5 billion at the beginning of the period to $113.1 billion by November 30, 2024. This growth was driven by inflows in U.S. equity products, international developed market equities, fixed income, and cryptocurrencies, despite profit-taking in oil and silver and outflows in emerging market equities.
Key metrics include:
- U.S. Equity: $346M net inflows (12.2% MTD).
- International Developed Market Equity: $285M net inflows (20.0% MTD).
- Emerging Market Equity: $371M net outflows (-38.8% MTD).
- Fixed Income: $206M net inflows (12.3% MTD).
- Cryptocurrency: $136M net inflows (143.1% MTD).
- Commodity & Currency: $695M net outflows (-35.4% MTD).
The total net flows for the month were negative at $118M, with market movements contributing an additional $1.7 billion.
WisdomTree (NYSE: WT) has been recognized as a 2024 Best Places to Work in Money Management by Pensions & Investments for the fifth consecutive year. The company ranked second in the large employer category (100-499 employees), marking its third consecutive year among the top five employers.
The recognition follows WisdomTree's strong performance, including reaching $113 billion in AUM and achieving significant margin improvements. The company offers comprehensive employee benefits including unlimited vacation, an eight-week paid sabbatical after 10 years of service, and professional development through tuition reimbursement and training programs.
The award was determined through a two-part survey process, with workplace policies accounting for 20% and employee experience for 80% of the evaluation. WisdomTree's commitment to employee well-being is further demonstrated through initiatives like the Women's Initiative Network (WIN) and Diversity, Equity, and Inclusion (DEI) Council.
WisdomTree (NYSE: WT) reported its October 2024 metrics, showing net inflows of $51 million, primarily driven by U.S. equity products, alternatives, and European commodity products. The company's total AUM decreased from $112,577 million to $111,515 million, affected by market movements of -$1,113 million. Notable flows included positive contributions from U.S. Equity ($211M), Commodity & Currency ($421M), and Alternatives ($27M), while experiencing outflows in International Dev. Mkt Equity (-$211M), Emerging Market Equity (-$172M), and Fixed Income (-$216M). The company maintained a blended average fee rate of 36 bps.
WisdomTree reported Q3 2024 financial results with record AUM of $112.6 billion, up 2.6% from prior quarter. The company posted a net loss of $4.5 million, including a $30.6 million loss on convertible notes extinguishment and a $4.0 million SEC penalty. Operating revenues increased 5.7% to $113.2 million, with an operating margin of 36.0%. The quarter saw $2.4 billion in net outflows, primarily from international developed equity, fixed income, and commodity products. The average advisory fee remained stable at 0.37%. The company issued $345.0 million in convertible senior notes and declared a $0.03 quarterly dividend.
WisdomTree (NYSE: WT) has been awarded 'Best Emerging Markets Equity ETF Issuer ($10bn+)' at the ETF Express US Awards 2024. The recognition, determined through industry nominations and votes collected by data provider Trackinsight, highlights WisdomTree's excellence in emerging markets offerings.
President and COO Jarrett Lilien emphasized the company's continuous innovation in emerging markets investing. This achievement adds to WisdomTree's previous ETF Express US Awards, including Best US Fixed Income ETF Issuer (2022), Best Mixed-Allocation ETF Issuer (2021), and Best International Equity ETF Issuer (2020). The awards ceremony took place in New York on October 24, 2024.
WisdomTree celebrates its 10-year anniversary in Europe, marking significant growth with over $30 billion in assets under management and 100+ employees. A survey of 817 professional investors managing €4.4 trillion reveals that 99% expect continued ETF growth in Europe over the next decade. The European ETF industry has grown 409% to $2.1 trillion since WisdomTree's European launch in 2014.
Key growth drivers include increased retail adoption and innovative product development, each cited by 25% of surveyed investors. While 46% plan to increase ETF allocation in the next year, 26% cite lack of knowledge as a barrier. The survey shows ETFs are widely used as core portfolio holdings (30%) and for accessing alternative assets (35%) and thematic equities (27%).
WisdomTree, Inc. (NYSE: WT), a global financial innovator, has announced that the Say platform, a stockholder Q&A tool, is now available for its upcoming third quarter earnings call scheduled for October 25, 2024, at 11:00 a.m. ET. This initiative reflects WisdomTree's commitment to transparency and enhanced engagement with stockholders of all sizes.
Verified stockholders can submit questions to management via Say Connect until 9:00 a.m. ET on October 24, 2024. Selected questions will be addressed during the live Q3 2024 earnings call webcast. WisdomTree has provided links to both the Say Connect platform and the webcast on their investor relations website.
WisdomTree, Inc. (NYSE: WT), a global financial innovator, has announced its plans to release third quarter results on October 25, 2024 at 7:00 a.m. ET. The company will host a conference call to discuss these results at 11:00 a.m. ET on the same day.
For those interested in participating, the dial-in number for the call is 877-407-9210 (US) or +1 201-689-8049 (International). International toll-free access numbers are also available. A webcast of the call can be accessed at the provided link.
To ensure a timely start, participants are encouraged to dial in 10 minutes before the scheduled start time. All earnings materials and the webcast will be accessible through WisdomTree's investor relations website. A replay of the webcast will be made available shortly after the call concludes.
WisdomTree, Inc. (NYSE: WT) reported its monthly metrics for September 2024, highlighting a record Assets Under Management (AUM) of nearly $113 billion. The company experienced inflows in U.S. equity products, cryptocurrencies, and bullish tactical positioning in oil and copper. However, these were offset by institutional reallocations out of cash positions (USFR), outflows in Japan Hedged Equity (DXJ), and profit-taking in precious metals.
Key metrics as of September 30, 2024:
- Current Total AUM: $112,577 million
- Total Net Flows: -$896 million (MTD), -$2,395 million (QTD), -$65 million (YTD)
- Blended Total Average Fee Rate: 37 bps
Notable flow rates included U.S. Equity at 1.5% MTD and Cryptocurrency at 36.9% MTD. International Developed Market Equity and Fixed Income experienced significant outflows at -31.3% and -21.8% MTD, respectively.
WisdomTree, Inc. (NYSE: WT) has introduced a new feature in its WisdomTree Prime® app, allowing users to link the WisdomTree Government Money Market Digital Fund (WTGXX) to their WisdomTree Prime Visa® Debit Card. This innovative functionality enables users to earn yield on their money until it's spent, with WTGXX currently offering a 7-day yield of 4.60%. Unlike traditional low-yield checking accounts, this feature connects a liquid on-chain investment to spending capabilities, showcasing a unique application of real world asset (RWA) tokenization.
The new functionality aims to empower consumers with greater choice and control over their finances, integrating saving, spending, and investing within a single platform. WisdomTree Prime is currently available in 45 U.S. states through both the Apple App Store and Google Play.
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