WisdomTree Investments, Inc. (WETF) - NASDAQ
  • Yesterday, 2:04 PM
    • Roughly $365M has flowed into European stock ETFs since the Brexit vote, putting them on pace for their first week of inflows since mid-February, according to Markit. It's not a ton of money considering $130B in AUM across the 50 largest European stock ETFs, but an inflow's an inflow.
    • Much of the new money is targeting Germany, with the iShares MSCI EMU ETF (BATS:EZU) pulling in $284M - six of the fund's top holdings are German companies. Another $153M has gone into the iShares MSCI Germany ETF (NYSEARCA:EWG).
    • Meanwhile, $371M has exited the WisdomTree (NASDAQ:WETF) Europe Hedged Equity Fund (NYSEARCA:HEDJ) - this despite the euro's weakness vs. the dollar since the vote.
    | Yesterday, 2:04 PM
  • Tue, Jun. 28, 10:01 AM
    • The team throws in the towel on Buy calls on WisdomTree (NASDAQ:WETF) and Och-Ziff Capital (NYSE:OZM), with downgrades to Neutral. Artisan Partners Asset Management (NYSE:APAM) is cut to Underperform from Neutral.
    | Tue, Jun. 28, 10:01 AM
  • Fri, Jun. 24, 11:58 AM
    • The Too Big To Fail lenders are naturally among the day's big losers following the U.K. vote to leave the EU, but losses in the financial sector are wide and deep as - among other things - interest rates look to be a lot lower for a lot longer.
    • Among asset managers, Invesco (IVZ -10.8%) - with a sizable U.K. exposure - is faring about the worst. WisdomTree (WETF -7.8%) takes a hit as the yen is the solo currency surging against the dollar, reducing demand for its popular hedged Japan ETF.
    • It's wait till next year (or even 2018 if you believe short-term rate futures markets) for rate hikes, meaning regional lenders can't celebrate their passing of the Fed stress tests last night. Regions (RF -7.8%), KeyCorp (KEY -6.4%), PNC Financial (PNC -5.5%), U.S. Bancorp (USB -4.2%), BB&T (BBT -5.1%).
    • Even lower rates put even more pressure on the business models of the life insurers: MetLife (MET -8.8%), Prudential (PRU -7.7%), Lincoln National (LNC -9.9%), Voya (VOYA -7%). Online brokers too: E*Trade (ETFC -9.4%), Schwab (SCHW -9.5%).
    • ETFs: KRE, KBE, IAT, KBWB, QABA, KBWR, KRU, KRS, WDRW, DPST
    | Fri, Jun. 24, 11:58 AM | 9 Comments
  • Mon, Jun. 20, 5:05 PM
    • While analyst William Katz kind of sees the reasoning behind the chatter on WisdomTree (NASDAQ:WETF) being an acquisition target, a closer look suggests a purchase would be very risky for the buyer. Further, the stock price at these levels is likely already discounting a change-of-control premium.
    • Closer look? AUM are at 2016 lows, outflows are running at very high levels, the multiple (40x P/E) is rich, and now the company is burning through cash.
    • A buyer, says Katz, would have to dramatically cut expenses or rapidly revitalize growth despite rising competition in the Smart Beta space.
    • "We suspect firms under our coverage previously looked at WETF and came to similar conclusions around valuation.”
    | Mon, Jun. 20, 5:05 PM | 1 Comment
  • Thu, Jun. 16, 9:47 AM
    • "We are not suggesting the buyout of WisdomTree (WETF -2.3%) is imminent or there are talks, but the possibilities are intriguing," says analyst Surinder Thind.
    • Possible suitors? "Everyone," says Thind. Narrowing that down a bit, he thinks the company would be most valuable in the hands of Franklin Resources (NYSE:BEN) or T. Rowe Price (NASDAQ:TROW).
    • Franklin's growth challenges are well known, he says, and putting WisdomTree products through its distribution network could produce strong synergies. For T. Rowe Price, it's in the early stages of developing an ETF strategy, and a purchase of WETF would quickly solve that issue.
    | Thu, Jun. 16, 9:47 AM | 7 Comments
  • Fri, Jun. 3, 1:05 PM
    • The disappointing jobs report has sent the dollar tumbling, particularly vs. the yen, which is higher by 2%, and the euro, higher by 1.7%.
    • A strong yen and euro naturally weakens demand for WisdomTree's (WETF -6.4%) flagship ETFs, the Japan Hedged Equity Fund (DXJ -2.3%) and the Europe Hedged Equity Fund (HEDJ -1.5%).
    | Fri, Jun. 3, 1:05 PM | 1 Comment
  • Fri, Jun. 3, 1:00 PM
    | Fri, Jun. 3, 1:00 PM | 1 Comment
  • Wed, May 25, 3:36 PM
    • The popularity of WIsdomTree's (WETF +4.2%) currency-hedged ETFs has kind of made this stock a play on a rising dollar. When the dollar gains vs. the yen and euro, investors move money into DXJ and HEDJ, but when the dollar retreats, so does interest in those funds.
    • This bout of hawkishness from the Fed - and the resultant strength in the greenback - has WisdomTree higher by more than 10% over the past handful of sessions.
    • Fun while it lasts, but Morgan Stanley's Michael Cyprys notes those two ETFs make up 51% of company AUM, leaving the company too vulnerable to dollar weakness for his blood.
    | Wed, May 25, 3:36 PM | 1 Comment
  • Fri, Apr. 29, 5:35 PM
    • Top gainers, as of 5.25 p.m.: ERJ +1.7%. HA +1.4%. APOL +1.3%. GFI +1.1%. WETF +1.0%.
    • Top losers, as of 5.25p.m.: ENIC -5.2%. SBGL -3.5%. CDE -2.3%. AKS -2.1%. P -1.3%.
    | Fri, Apr. 29, 5:35 PM
  • Fri, Apr. 29, 1:56 PM
    • WisdomTree Investments (NASDAQ:WETF) declares $0.08/share quarterly dividend, in line with previous.
    • Forward yield 2.91%
    • Payable May 25; for shareholders of record May 11; ex-div May 9.
    | Fri, Apr. 29, 1:56 PM | 4 Comments
  • Fri, Apr. 29, 7:48 AM
    • Q1 net income of $12.1M or $0.09 per share vs. $12.1M and $0.09 a year ago.
    • U.S.-listed AUM of $44.3B down 14.3% Q/Q, down 20.6% Y/Y.
    • Net outflows of $5.4B vs. outflows of $2.6B in Q4 and inflows of $13.5B a year ago (one year ago, company garnered 24.4% of industry inflows).
    • Average advisory fee of 0.52% is flat.
    • European-listed AUM of $885M up 14.4% Q/Q, up 164% Y/Y. Net inflows of $193.3M vs. $205.3M in Q4, $174.2M a year ago. Average advisory fee of 0.68% down 2 bps Q/Q, down 7 bps Y/Y.
    • Total revenues of $60.9M down 20.4% Q/Q, up 1.2% Y/Y. Pretax margin of 35.6% vs. 46.7% in Q4, 35% a year ago.
    • 3.4M shares bought back during quarter for $35.6M. Another $60M is added to the repurchase plan, bringing its size to $100M.
    • Conference call at 9 ET
    • Previously: WisdomTree Investments EPS in-line, beats on revenue (April 29)
    • WETF flat premarket
    | Fri, Apr. 29, 7:48 AM
  • Fri, Apr. 29, 7:04 AM
    • WisdomTree Investments (NASDAQ:WETF): Q1 EPS of $0.09 in-line.
    • Revenue of $60.88M (+1.2% Y/Y) beats by $0.12M.
    • Press Release
    | Fri, Apr. 29, 7:04 AM
  • Thu, Apr. 28, 5:30 PM
    | Thu, Apr. 28, 5:30 PM | 3 Comments
  • Thu, Apr. 28, 10:05 AM
    • The BOJ last night surprised by staying on hold when most had expected additional stimulus in the form of a deeper dive into negative rate territory, or more asset purchases, or both.
    • The Nikkei tumbled 3% and the yen soared a similar amount vs. the dollar. It all adds up to less demand for WisdomTree's (WETF -4.5%) popular hedged Japan equity fund (DXJ).
    • The company reports its Q1 before the bell tomorrow.
    | Thu, Apr. 28, 10:05 AM
  • Fri, Apr. 22, 12:11 PM
    • The company has opened an office in Toronto and formed WisdomTree Asset Management Canada, led by Raj Lala, formerly EVP, Retail Markets at Fiera Capital.
    • WisdomTree (NASDAQ:WETF) intends to introduce ETFs tracking: The WisdomTree International Quality Dividend Growth Index CAD, the WisdomTree Europe CAD-Hedged Equity Index, the WisdomTree U.S. Quality Dividend Growth Index CAD and the WisdomTree U.S. High Dividend Index CAD.
    • Source: Press Release
    • Now read: ETF Update: To Hedge, Or Not To Hedge (April 18)
    | Fri, Apr. 22, 12:11 PM
  • Mon, Apr. 18, 12:55 PM
    • WisdomTree's (NASDAQ:WETF) suite of currency-hedged ETFs faces a bit more competition with the launch of the First Trust RiverFront Dynamic Europe ETF (NASDAQ:RFEU), the First Trust RiverFront Dynamic Asia Pacific ETF (NASDAQ:RFAP), and the First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI).
    • Source: Press release
    • Now read: Rethink Your International Allocations (April 18)
    | Mon, Apr. 18, 12:55 PM
Company Description
WisdomTree Investments, Inc. is an asset management company that focuses exclusively on Exchange Traded Products. It distributes ETPs within the asset management industry, including brokerage firms, registered investment advisors, institutional investors, private wealth managers and discount... More
Sector: Financial
Industry: Asset Management
Country: United States