Oct. 30, 2015, 7:41 AM
- Alongside its Q3 results announced today, WisdomTree (NASDAQ:WETF) agrees to purchase GreenHaven Commodity Funds, the owner of two commodity-related ETFs (GCC and TONS).
- Consideration is $11.75M in cash. GCC has $247M in AUM and TONS $1M.
- The financial impact of the deal won't be material to WisdomTree's EPS.
- Previously: WisdomTree U.S. ETFs see net outflows in Q3 (Oct. 30)
Jul. 2, 2012, 4:55 PM
The ETF industry could cross $2T in AUM by 2015, predicts Goldman Sachs, a 20% compounded growth rate from here. Extrapolating that to an investment angle, Goldman launched coverage of WisdomTree (WETF) with a Buy and $9 price target, believing the company to be an attractive target for traditional asset managers.| Jul. 2, 2012, 4:55 PM