WisdomTree Reports Monthly Metrics for June 2024
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.
- Net inflows of $332 million in June 2024.
- AUM increased to nearly $110 billion.
- Average fee rate increased to 37bps in Q2.
- U.S. listed ETFs and offshore UCITS ETFs gained $463 million in net inflows for June.
- Accumulated over $4.2 billion in net inflows year-to-date, reflecting an 11% annualized growth rate.
- WisdomTree Prime® now available to 79% of the U.S. population.
- $165 million in net outflows from European Commodities & Currencies and Leveraged & Inverse products in June.
- Commodity & Currency category saw a year-to-date net outflow of $1.959 billion.
Insights
WisdomTree's June metrics showcase robust growth and strategic advancements. With
A key highlight is the favorable fee mix. The shift into higher fee products has expanded the average fee rate to 37 basis points (bps) in Q2. This increase will likely bolster revenue, a important factor given the competitive ETF landscape. It also signals that investors are valuing WisdomTree's advisory expertise and tactical product offerings.
Despite some outflows in commodities and leveraged/inverse products – sectors known for their volatility – the diversification across other asset classes has stabilized overall performance. Net inflows in U.S. equities, international developed market equities and emerging market equities reflect a balanced asset allocation strategy, reducing risk and enhancing portfolio resilience.
Short-term implications: The positive momentum in AUM and fee rates will likely result in stronger quarterly earnings, benefiting shareholders. Investors should monitor the sustainability of inflows, especially in high-fee segments, to gauge long-term profitability.
Long-term outlook: The broad adoption of WisdomTree Prime® across the U.S. is another growth lever that could drive future AUM and fee expansion. Keeping an eye on market conditions and product performance, particularly in volatile sectors, will be important for assessing future risks and opportunities.
WisdomTree's record-high AUM and strategic moves, such as the launch of WisdomTree Prime® in Hawaii, indicate a calculated approach to capturing market share. This move expands the firm’s digital footprint, making their innovative offerings accessible to nearly
Analyzing geographic expansion: The successful rollout in Hawaii demonstrates WisdomTree's ability to penetrate new markets. It reflects the company's agility in navigating regulatory landscapes and tailoring products to regional demands, which is important for sustained growth in a diverse market.
Additionally, the continued net inflows into U.S. and international equities highlight investor confidence in these asset classes amidst global economic uncertainties. This trend aligns with a broader market shift towards equity investments driven by relatively stable economic indicators and potential growth opportunities in international markets.
Retail investor takeaway: Understanding WisdomTree's strategic expansion and diversified product offerings can help retail investors appreciate the company's growth potential. Keeping an eye on AUM metrics and geographic rollouts will provide insights into WisdomTree's market positioning and competitive edge.
Record Assets Under Management
Favorable fee mix
WisdomTree Prime® now live in
Monthly Commentary:
-
WisdomTree generated
$332 million $110 billion - Favorable flow mix into higher fee products expanded total average fee rate to 37bps in Q2
-
WisdomTree’s
U.S. listed ETFs and offshore UCITS ETF suite generated a combined$463 million $4.2 billion 11% annualized pace of year-to-date organic growth) -
WisdomTree’s tactical offerings, European Commodities & Currencies and Leveraged & Inverse product suites, which tend to have a more volatile flow profile, accounted for
~ of net outflows in June$165 million -
Including the launch in
Hawaii , WisdomTree Prime® is now available to nearly79% of theU.S. population
As of June 30, 2024 |
AUM Rollforward
|
Annualized Flow Rate |
||||
|
MTD |
QTD |
YTD |
MTD |
QTD |
YTD |
Beginning of Period Total AUM |
|
|
|
|
|
|
|
||||||
Total Net Flows |
|
|
|
|
|
|
|
|
|
|
|
|
|
International Dev. Mkt Equity |
|
|
|
|
|
|
Emerging Market Equity |
|
|
|
|
|
|
Fixed Income |
|
|
|
|
|
|
Commodity & Currency |
( |
( |
( |
( |
( |
( |
Alternatives |
|
|
|
|
|
|
Cryptocurrency |
|
|
|
|
|
|
Leveraged & Inverse |
|
( |
( |
|
( |
( |
Total Net Flows |
|
|
|
|
|
|
Market Move |
|
|
|
|
||
Current Total AUM |
|
|
|
|
|
|
Average Total AUM |
|
|
|
|
|
|
Blended Total Average Fee Rate |
|
37 bps |
36 bps |
|
|
|
Source: https://ir.wisdomtree.com/
Please visit https://ir.wisdomtree.com/ for downloadable spreadsheets containing detailed AUM and flow data by asset class and fund broken out by daily, monthly, quarterly and annual timeframes.
About WisdomTree
WisdomTree is a global financial innovator, offering a well-diversified suite of exchange-traded products (ETPs), models, solutions and products leveraging blockchain technology. We empower investors and consumers to shape their future and support financial professionals to better serve their clients and grow their businesses. WisdomTree is leveraging the latest financial infrastructure to create products that provide access, transparency and an enhanced user experience. Building on our heritage of innovation, we are also developing and have launched next-generation digital products, services and structures, including digital or blockchain-enabled mutual funds and tokenized assets, as well as our blockchain-native digital wallet, WisdomTree Prime®.*
*The WisdomTree Prime digital wallet and digital asset services are made available through WisdomTree Digital Movement, Inc., a federally registered money services business, state-licensed money transmitter and financial technology company (NMLS ID: 2372500) or WisdomTree Digital Trust Company, LLC, in select
WisdomTree currently has approximately
For more information about WisdomTree and WisdomTree Prime, visit: https://www.wisdomtree.com.
Please visit us on X at @WisdomTreeNews.
WisdomTree® is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide.
PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE PRIME:
NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT AGENCY
The products and services available through the WisdomTree Prime app are not endorsed, indemnified or guaranteed by any regulatory agency.
Cautionary Statement Regarding Forward-Looking Statements
This press release may contain a number of “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our ability to achieve our financial and business plans, goals and objectives and drive stockholder value, including with respect to our ability to successfully implement our strategy relating to WisdomTree Prime®, our ability to continue to make achievements in AUM, levels of net inflows and other risk factors discussed from time to time in WisdomTree’s filings with the Securities and Exchange Commission (“SEC”), including those factors discussed under the caption “Risk Factors” in our most recent annual report on Form 10-K, filed with the SEC on February 23, 2024, and in subsequent reports filed with or furnished to the SEC. These forward-looking statements are based on WisdomTree’s management’s current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside WisdomTree’s management’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Forward-looking statements included in this release speak only as of the date of this release. WisdomTree does not undertake any obligation to update its forward-looking statements to reflect events or circumstances after the date of this release except as may be required by the federal securities laws.
Category: Business Update
View source version on businesswire.com: https://www.businesswire.com/news/home/20240710513326/en/
Media Relations
WisdomTree, Inc.
Jessica Zaloom
+1.917.267.3735
jzaloom@wisdomtree.com
Natasha Ramsammy
+1.917.267.3798
nramsammy@wisdomtree.com / wisdomtree@fullyvested.com
Investor Relations
WisdomTree, Inc.
Jeremy Campbell
+1.917.267.3859
Jeremy.Campbell@wisdomtree.com
Source: WisdomTree, Inc.
FAQ
What were WisdomTree's net inflows for June 2024?
What is WisdomTree's current AUM as of June 2024?
How did WisdomTree's average fee rate change in Q2 2024?
How much did WisdomTree’s U.S. listed ETFs and offshore UCITS ETFs gather in net inflows during June 2024?
What was the year-to-date net inflow for WisdomTree by June 2024?
What percentage of the U.S. population now has access to WisdomTree Prime®?
What were the net outflows for WisdomTree’s European Commodities & Currencies and Leveraged & Inverse products in June 2024?
How much did the Commodity & Currency category lose in net outflows year-to-date for WisdomTree in 2024?
