Wisdomtree Stock Price, News & Analysis

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.

WisdomTree introduces Portfolio Solutions, a comprehensive service aimed at strengthening relationships with financial advisors by offering scalable and efficient portfolio management. The service comprises three offerings: Portfolio Consultations for personalized model analysis, CIO-Managed Model Portfolios for diverse investment goals, and Shared CIO for collaborative portfolio management. As of April 26, 2024, WisdomTree's models business has $3.5 billion in AUM and collaborates with around 2,000 advisors, aiming to expand to 80,000 advisors by the end of 2024. The new Model Portfolio filter tool enhances this service by helping advisors find suitable portfolios based on various criteria.

WisdomTree (NYSE: WT) announced the preliminary results of its 2024 Annual Meeting of Stockholders.

All nine director nominees were elected: Lynn S. Blake, Anthony Bossone, Smita Conjeevaram, Rilla Delorier, Daniela Mielke, Shamla Naidoo, Win Neuger, Tonia Pankopf, and Jonathan Steinberg.

Stockholders also approved all other proposals, including say-on-pay, one-year frequency for say-on-pay, auditor ratification, and the extension of the stockholder rights plan.

Win Neuger, Chair of the Board, expressed gratitude for stockholder support, highlighting the company's strong financial track record and positive momentum.

The preliminary vote count is subject to certification by an independent inspector of election.

The final results will be filed with the SEC and available on WisdomTree's investor relations website.

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.

WisdomTree, a global financial innovator listed on the NYSE under the symbol WT, encourages its stockholders to vote “FOR” all proposals and nine director nominees at the 2024 Annual Meeting on June 12, 2024. The company highlights its robust performance and significant progress, including a more than 40% increase in stock price since the 2023 Annual Meeting. The Board, led by Chair Win Neuger, underscores the importance of their balanced director composition and strategic vision in creating long-term stockholder value. Leading proxy advisory firms ISS and Glass Lewis support the current Board, asserting there is no case for change.

WisdomTree has released a comprehensive presentation ahead of its 2024 Annual Meeting of Stockholders, scheduled for June 12, 2024, to highlight its financial performance and strategic achievements.

Key points include record assets under management (AUM), continuous organic growth, and margin expansion. The company boasts a near 40% year-to-date stock price increase due to strong financial results. WisdomTree's strategy includes investments in tokenization and blockchain-enabled finance.

The presentation also emphasizes the importance of a refreshed Board, with 67% female representation. WisdomTree urges stockholders to vote 'FOR' all its director nominees and reject ETFS Capital's demands for a strategic review, which WisdomTree claims are self-serving and against long-term shareholder interests.

The Board of Directors of WisdomTree, Inc. urges stockholders to vote 'FOR' all nine highly qualified members at the upcoming Annual Meeting. The Board highlights industry-leading results and urges stockholders to repudiate ETFS Capital's campaign to disrupt the Company's momentum. Vote 'FOR' directors like Jonathan Steinberg, Anthony Bossone, and Win Neuger to ensure the right mix of skillsets and expertise. The Board emphasizes stability, strategic vision, and industry experience as essential to guiding the Company's strategy.

WisdomTree, Inc. reported monthly metrics for April 2024, with over $1.4 billion in net inflows year-to-date despite April outflows. The company's U.S. listed ETFs and offshore UCITS ETF suite generated $484 million in net inflows in April. WisdomTree Prime® is now available to users in New York and 75% of the U.S. population.

WisdomTree, Inc. (NYSE: WT) has launched the WisdomTree India Hedged Equity Fund (INDH) on NASDAQ. The fund seeks to track the performance of Indian companies while hedging against rupee fluctuations. INDH provides exposure to 75 large Indian securities with an emphasis on Energy, Materials, Financial, and IT sectors. Investors are advised to consider risks associated with foreign investing and currency fluctuation.