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, Inc. (NYSE: WT) announced that four of its leaders have been recognized on INvolve's 2024 Heroes Role Model Lists supported by YouTube. Marci Frankenthaler, Chief Legal Officer, was named to The Heroes Executives Role Model List. Maredith Hannon and Lauren Pfendt were recognized on The Heroes Future Leaders Role Model List, while Stu Bell was included in The Advocates Role Model List.
These lists champion women executives, future leaders, and advocates for women in business globally. The recognized leaders are members of WisdomTree's global Women's Initiative Network (WIN), which provides career development opportunities and supports female empowerment within the organization. WIN's mentorship program has seen approximately 25% of mentees promoted since its inception in 2022.
The recognition highlights WisdomTree's commitment to fostering an inclusive work environment and supporting women across all levels of the firm.
WisdomTree (NYSE: WT) has launched WisdomTree Connect™, a new platform enabling access to tokenized real world assets (RWA) for a broader range of users. This platform marks the first time WisdomTree digital funds will be directly available to clients with their own wallet infrastructure, including businesses and institutional users. Key features:
1. Utilizes proprietary tokenization platform and technology infrastructure
2. Solves integration issues between traditional and decentralized finance
3. Allows on-chain access to yield-generating products like WisdomTree Government Money Market Digital Fund (WTGXX)
4. Supports purchases via US dollars or USDC stablecoin
5. Initially available via web portal and API, with future plans for decentralized application (dApp) interaction
WisdomTree Connect aims to bridge the gap between traditional and decentralized finance, offering a secure gateway for firms seeking blockchain-integrated recordkeeping and 24/7/365 peer-to-peer transfers of digital funds.
WisdomTree (NYSE: WT) reported its monthly metrics for August 2024, highlighting record assets under management (AUM) of over $111 billion while maintaining a 37bps fee rate. The company saw inflows in U.S. equity products and cryptocurrencies, offset by outflows in Japan Hedged Equity Fund (DXJ) and European commodity products. Notable figures include:
- Total AUM reached $111,192 million as of August 31, 2024
- U.S. Equity net flows: $209 million (7.4% annualized flow rate)
- Cryptocurrency net flows: $164 million (212.2% annualized flow rate)
- International Dev. Mkt Equity net outflows: $881 million (-53.3% annualized flow rate)
- Commodity & Currency net outflows: $519 million (-28.0% annualized flow rate)
The report also shows year-to-date total net flows of $831 million, representing a 1.2% annualized flow rate.
WisdomTree (NYSE: WT) has announced the pricing of $300 million in convertible senior notes due 2029, with an additional $45 million option exercised by the initial purchaser. The notes, bearing a 3.25% interest rate, are convertible at $11.82 per share. WisdomTree plans to use the proceeds to repurchase $104 million of its 2028 notes, buy back 5.7 million shares of common stock, and repurchase all Series A preferred stock from ETFS Capital for $144 million. This preferred stock repurchase is expected to be 9% accretive to WisdomTree's earnings. The company anticipates a one-time loss of about $30 million on the 2028 notes repurchase.
WisdomTree (NYSE: WT) reported its monthly metrics for July 2024, highlighting record assets under management (AUM) of $111 billion and a blended fee rate of 37bps. Despite achieving record AUM, the company experienced total net outflows of $580 million, primarily due to oil trading in Europe and fixed income outflows. Notably, WisdomTree's equity product categories generated ~$200 million of net inflows in July and ~$4.1 billion year-to-date.
The AUM rollforward shows varied performance across asset classes, with emerging market equity and alternatives seeing positive flow rates, while fixed income and commodity & currency experienced significant outflows. The company's cryptocurrency offerings continued to show strong growth with a 100.4% annualized flow rate year-to-date.
WisdomTree (NYSE: WT) announced a $300 million private offering of convertible senior notes due 2029. The offering includes an option for an additional $45 million in notes. Proceeds will be used to repurchase $104 million of its 2028 notes, buy back common stock, and repurchase Series A Preferred Stock from ETFS Capital The remaining funds will support working capital and general corporate purposes. The notes can convert to cash or common stock and are redeemable from August 2026. Terms like the interest rate and conversion rate will be set upon pricing. Certain holders of the 2028 notes may engage in market activities affecting WisdomTree's stock price.
WisdomTree reported strong Q2 2024 results with record AUM of $109.7 billion, up 2.3% from Q1. The company achieved $21.8 million in net income ($27.1 million adjusted) and diluted EPS of $0.13 ($0.16 adjusted). Operating revenues increased 10.5% to $107.0 million, driven by higher average AUM and increased other revenues from European listed products. The company saw $0.3 billion in net inflows, primarily in international developed equity, fixed income, and U.S. equity products. WisdomTree's operating income margin expanded to 31.3% (35.3% adjusted), a significant improvement from both the previous quarter and year-over-year. The company declared a $0.03 quarterly dividend.
WisdomTree, Inc. (NYSE: WT), a global financial innovator, has announced that the Say platform, a stockholder Q&A platform, is now live for its upcoming second quarter 2024 earnings call. The call is scheduled for Friday, July 26, 2024, at 11:00 a.m. ET. WisdomTree emphasizes the importance of transparency with stockholders and is using Say Connect to facilitate engagement.
Verified stockholders can submit questions to management through the Say Connect platform until 9:00 a.m. ET on July 25, 2024. WisdomTree will address select questions during the live Q2 2024 earnings call webcast. The webcast link is available on WisdomTree's investor relations website.
WisdomTree (NYSE: WT), a global financial innovator, will release its Q2 2024 earnings on July 26, 2024, at 7:00 a.m. ET. The company will hold a conference call to discuss the results at 11:00 a.m. ET the same day. The call can be accessed by dialing 877-407-9210 (US) or +1 201-689-8049 (international). Participants are advised to join the call 10 minutes early. The earnings materials and webcast will be available on WisdomTree’s investor relations website, with a replay accessible shortly after the call.
WisdomTree reported strong metrics for June 2024, showcasing a robust performance across various asset classes. The company saw net inflows of $332 million for the month, bringing total assets under management (AUM) to nearly $110 billion.
The favorable mix of flows into higher fee products resulted in an average fee rate increase to 37 basis points (bps) in Q2.
U.S.-listed ETFs and offshore UCITS ETFs generated a combined $463 million in net inflows for June, accumulating over $4.2 billion year-to-date, marking an 11% annualized organic growth rate.
Despite some volatility, notably $165 million in net outflows from European Commodities & Currencies and Leveraged & Inverse products, the overall outlook remains positive.
WisdomTree Prime® also achieved significant milestones, now accessible to 79% of the U.S. population, including a recent extension to Hawaii.
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