Strong-Performing ETFs Drive WisdomTree's AUM Growth to $2.4 Billion

My stock pick WisdomTree Investments (WSDT.PK) announced the launch (.pdf) of six new earnings based ETFs that will begin trading on the American stock exchange on Friday, February 23. These six ETFs are part of the 31 ETFs that WisdomTree had filed with the SEC in late 2006.

It is hard to come across information about this pink sheet-listed company that counts a former Chairman of the SEC as its senior advisor. However, their press releases usually contain information about assets under management [AUM] and according to today's announcement, they now have $2.4 billion in assets under management. Given below is a timeline of growth in assets under management since their first 20 ETFs started trading on June 16, 2006.

Growth in AUM has been driven as much by the stellar performance of many of their ETFs as addition of new assets. Their top performing fund, WisdomTree Europe SmallCap Dividend Fund (DFE), has returned 32.38% since inception on June 16, 2006.

The stock has appreciated 21.62% since I picked it for my model portfolio less than three months ago and while I would be cautious, about starting a new position in this highly volatile stock at this point, I plan to continue holding it for now.