WisdomTree Reports Monthly Metrics for May 2024

Rhea-AI Summary

In May 2024, WisdomTree reported record assets under management (AUM) of over $109 billion, with $577 million net inflows for the month. The U.S. listed ETFs and offshore UCITS ETF suite generated $953 million net inflows. The year-to-date net inflows total nearly $3.8 billion, indicating a 12% annualized growth rate. Tactical offerings, European Commodities & Currencies, and Leveraged & Inverse product suites saw net outflows of approximately $360 million. WisdomTree Prime® launched in Washington and New Hampshire, now reaching over 78% of the U.S. population.

Positive net flows were observed in U.S. Equity, International Developed Market Equity, Emerging Market Equity, Fixed Income, and Cryptocurrency. Conversely, Commodity & Currency and Leveraged & Inverse products experienced significant outflows. As of the end of May, the company’s average total AUM stood at $109.3 billion with a blended average fee rate of 37 basis points.

Positive

• Record AUM of over $109 billion.
• $577 million in net inflows for May.
• $953 million net inflows in U.S. listed ETFs and offshore UCITS ETF suite.
• $3.8 billion year-to-date net inflows, representing a 12% annualized growth rate.
• WisdomTree Prime® now accessible to over 78% of the U.S. population.
• Positive net flows in U.S. Equity, International Developed Market Equity, Emerging Market Equity, Fixed Income, and Cryptocurrency.
• Average total AUM of $109.3 billion.
• Blended average fee rate of 37 basis points.

Negative

• Net outflows of $360 million in tactical offerings, European Commodities & Currencies, and Leveraged & Inverse product suites.
• Commodity & Currency products had significant outflows of $330 million.
• Leveraged & Inverse products saw net outflows of $29 million.

Insights

Financial Analyst

WisdomTree's record assets under management (AUM) in May 2024, totaling over $109 billion, signify robust investor confidence and effective asset management strategies. This growth is further underlined by the $577 million net inflows, highlighting the firm’s ability to attract new investments despite potential market volatility. Importantly, the positive inflows into 6 of the 8 major product categories suggest a diversified and resilient investment portfolio.

From a retail investor’s point of view, these metrics point to stable financial health and potential for future growth, which could translate to more consistent returns. The 12% annualized pace of year-to-date organic growth is particularly notable, indicating a solid upward trend. However, the outflows in certain categories like European Commodities & Currencies and Leveraged & Inverse products might raise some concerns about specific market segments' performance.

Market Research Analyst

WisdomTree's expansion of its WisdomTree Prime® product into Washington and New Hampshire, covering over 78% of the U.S. population, indicates a strategic move to broaden its market footprint. This expansion not only increases accessibility but also positions WisdomTree to capture a larger share of the market, potentially enhancing its competitive edge.

For investors, this growth in market reach is significant as it could lead to increased AUM and higher revenues in the long run. It also demonstrates the company’s proactive approach in leveraging regulatory approvals to drive business growth.

However, the firm must continue monitoring the performance of newly integrated markets to ensure the effectiveness of this expansion strategy. Additionally, given the volatility in segments like Cryptocurrency and Leveraged products, maintaining a balanced approach across different asset classes will be crucial.

Record Assets Under Management of $109+ billion

$577 million of net inflows in May

WisdomTree Prime® approved in Washington and New Hampshire

NEW YORK--(BUSINESS WIRE)-- WisdomTree, Inc. (NYSE: WT), a global financial innovator, today released monthly metrics for May 2024, including assets under management (AUM) and flow data by asset class.

Monthly Commentary:

• WisdomTree generated $577 million of net inflows in May, including positive flows into 6 of our 8 major product categories and generally into funds with fees greater than our overall blended fee rate
• WisdomTree’s U.S. listed ETFs and offshore UCITS ETF suite generated a combined $953 million of net inflows during the month and have gathered nearly $3.8 billion of net inflows year-to-date in 2024 (a 12% 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 ~$360 million of net outflows
• With the launch in Washington and New Hampshire, WisdomTree Prime® is now available to over 78% of the U.S. population

As of May 31, 2024		AUM Rollforward ($ in millions)						Annualized Flow Rate
		MTD		QTD		YTD		MTD		QTD		YTD
Beginning of Period Total AUM		$105,968		$107,230		$100,124
Total Net Flows
U.S. Equity		$10		$195		$731		0.4%		3.7%		6.0%
International Dev. Mkt Equity		$429		$969		$2,568		27.6%		32.1%		40.9%
Emerging Market Equity		$153		($68)		$149		16.2%		(3.6%)		3.3%
Fixed Income		$303		$185		$171		17.0%		5.2%		1.9%
Commodity & Currency		($330)		($1,323)		($1,783)		(17.7%)		(36.2%)		(20.1%)
Alternatives		($13)		$5		$9		(37.7%)		7.6%		5.6%
Cryptocurrency		$56		$74		$232		86.5%		50.9%		135.4%
Leveraged & Inverse		($29)		($29)		($79)		(19.1%)		(9.4%)		(10.5%)
Total Net Flows		$577		$8		$1,998		6.4%		0.0%		4.8%
Market Move		$2,676		$1,983		$7,099
Current Total AUM		$109,221		$109,221		$109,221
Average Total AUM		$109,307		$108,002		$104,558
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 U.S. jurisdictions and may be limited where prohibited by law. WisdomTree Digital Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business. Visit https://www.wisdomtreeprime.com or the WisdomTree Prime mobile app for more information.

WisdomTree currently has approximately $108.8 billion in assets under management globally.

For more information about WisdomTree and WisdomTree Prime, visit: https://www.wisdomtree.com.

Please visit us on X, formerly known as Twitter, 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/20240611168802/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 was WisdomTree's AUM in May 2024?

WisdomTree reported record assets under management of over $109 billion in May 2024.

What were the net inflows for WisdomTree in May 2024?

WisdomTree achieved $577 million in net inflows during May 2024.

How much did WisdomTree's U.S. listed ETFs and offshore UCITS ETF suite generate in net inflows for May 2024?

WisdomTree's U.S. listed ETFs and offshore UCITS ETF suite generated $953 million in net inflows for May 2024.

What is the year-to-date net inflow for WisdomTree in 2024?

The year-to-date net inflows for WisdomTree in 2024 amount to nearly $3.8 billion.

Which WisdomTree product suites saw net outflows in May 2024?

WisdomTree's tactical offerings, European Commodities & Currencies, and Leveraged & Inverse product suites experienced net outflows of approximately $360 million in May 2024.

What percentage of the U.S. population can access WisdomTree Prime® as of May 2024?

WisdomTree Prime® is now available to over 78% of the U.S. population as of May 2024.

What was the blended average fee rate for WisdomTree in May 2024?

The blended average fee rate for WisdomTree in May 2024 was 37 basis points.

Which asset class had the highest net inflows for WisdomTree in May 2024?

International Developed Market Equity had the highest net inflows for WisdomTree in May 2024 with $429 million.