WisdomTree Investments (NASDAQ: WETF) plans to announce its third quarter results on October 29, 2021, at 7:00 a.m. ET, followed by a conference call at 9:00 a.m. ET. Investors can access the call via webcast on the company's Investor Relations website. WisdomTree, an asset manager and ETF sponsor, currently manages approximately $73.6 billion in assets globally, offering a range of investment products across various asset classes.
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WisdomTree Investments (NASDAQ: WETF) has launched the WisdomTree Target Range Fund (GTR) on NASDAQ, featuring a 0.70% expense ratio. This actively managed ETF aims for capital appreciation while hedging risks, using the TOPS® Global Equity Target Range Index methodology. With equity exposure in a complex market, GTR employs a call spread strategy to manage downside risk. Despite its goals, there's no assurance of returns or limited downside for investors. Investors should carefully evaluate the fund's risks and objectives before investing.
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WisdomTree (NASDAQ: WETF) has announced the closure and liquidation of the WisdomTree U.S. Short-Term High Yield Corporate Bond Fund (SFHY). Effective September 24, 2021, SFHY will cease accepting creation orders and will stop trading. Shareholders must sell their shares by this date or they will be automatically redeemed for cash based on the fund's net asset value (NAV) around October 4, 2021. The closure reflects a strategic decision by WisdomTree, which manages approximately $74.2 billion in assets globally.
WisdomTree Investments reported a strong second quarter of 2021 with a net income of $17.6 million and adjusted net income of $16.8 million. The company achieved $73.9 billion in assets under management (AUM), up 6.3% from the previous quarter, driven by $0.9 billion in net inflows. Operating revenues increased 6.6% to $77.6 million, thanks to higher AUM. Gross margin rose to 79.1% while operating income margin improved to 30.5%. A quarterly dividend of $0.03 was declared, payable on August 25, 2021.
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WisdomTree Investments, Inc. (NASDAQ: WETF) plans to release its second quarter results on July 30, 2021, at 7:00 a.m. ET. A conference call to discuss the results will follow at 9:00 a.m. ET. Investors can access the call via a webcast on WisdomTree's Investor Relations website, and a replay will be available shortly after. WisdomTree has approximately $74.0 billion in assets under management globally, focusing on various investment products including equity, fixed income, and alternative strategies.