WisdomTree Reports Monthly Metrics for October 2024

Rhea-AI Summary

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.

Positive

• Net inflows of $51 million in October 2024
• Strong U.S. Equity inflows of $211 million (7.2% annualized flow rate)
• Commodity & Currency segment saw $421 million inflows (21.6% annualized flow rate)
• Alternatives segment showed 66.8% annualized flow rate

Negative

• Total AUM decreased by $1.06 billion to $111.515 billion
• Market movements caused -$1,113 million impact on AUM
• Fixed Income experienced outflows of -$216 million (-12.3% annualized rate)
• International Development Market Equity saw -$211 million outflows (-13.8% annualized rate)
• Emerging Market Equity recorded -$172 million outflows (-16.3% annualized rate)

Insights

Financial Analyst

The monthly metrics reveal a mixed performance with modest net inflows of $51 million, primarily driven by U.S. equity, alternatives and commodity products. The total AUM decreased slightly to $111.5 billion from $112.6 billion, mainly due to market movements of -$1.1 billion.

Notable trends include strong performance in alternatives with a 66.8% annualized flow rate and U.S. equity at 7.2%. However, concerning outflows were seen in international developed markets (-$211 million) and emerging markets (-$172 million). The fixed income segment continues to face challenges with -$216 million in outflows.

The stable blended fee rate of 36 basis points indicates pricing power maintenance, though the flat YTD net flows suggest competitive pressures in the ETF industry.

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

Monthly Commentary:

Net inflows of $51 million driven by U.S. equity products, alternatives, and commodity products in Europe, notably oil and silver.

As of October 31, 2024	AUM Rollforward ($ in millions)		Annualized Flow Rate
	MTD/QTD	YTD	MTD/QTD	YTD
Beginning of Period Total AUM	$112,577	$100,124
Total Net Flows
U.S. Equity	$211	$1,296	7.2%	5.3%
International Dev. Mkt Equity	($211)	$1,249	(13.8%)	9.9%
Emerging Market Equity	($172)	$82	(16.3%)	0.9%
Fixed Income	($216)	($891)	(12.3%)	(5.0%)
Commodity & Currency	$421	($2,279)	21.6%	(12.8%)
Alternatives	$27	$99	66.8%	31.5%
Cryptocurrency	($0)	$434	(0.2%)	125.9%
Leveraged & Inverse	($7)	($5)	(4.0%)	(0.3%)
Total Net Flows	$51	($15)	0.5%	(0.0%)
Market Move	($1,113)	$11,406
Current Total AUM	$111,515	$111,515
Average Total AUM	$112,565	$107,597
Blended Total Average Fee Rate	36 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® and institutional platform, WisdomTree Connect™.*

*The WisdomTree Prime digital wallet and digital asset services and WisdomTree Connect institutional platform 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, the WisdomTree Prime mobile app or https://wisdomtreeconnect.com for more information.

WisdomTree currently has approximately $113 billion in assets under management globally.

For more information about WisdomTree, WisdomTree Connect 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 and WisdomTree Connect 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® and WisdomTree Connect™, our ability to continue to make achievements in AUM, levels of net flows 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/20241112446288/en/

Media Relations

WisdomTree, Inc.

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 (WT) total AUM as of October 31, 2024?

WisdomTree's total AUM as of October 31, 2024, was $111,515 million.

How much were WisdomTree's (WT) net inflows in October 2024?

WisdomTree reported net inflows of $51 million in October 2024.

What was WisdomTree's (WT) blended total average fee rate in October 2024?

WisdomTree's blended total average fee rate was 36 basis points (bps).

Which asset classes drove WisdomTree's (WT) positive flows in October 2024?

U.S. equity products, alternatives, and commodity products in Europe, notably oil and silver, drove positive flows.