WisdomTree Investments, Inc. (WETF) - NASDAQ
  • 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
  • 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
  • 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
  • Wed, Apr. 13, 10:57 AM
    • WisdomTree (NASDAQ:WETF) suffered more than $5B in outflows in Q1, including a 1.5B exit in March, according to ETFGI.
    • The firm's popular international currency-hedged ETFs were the culprits, with $5.4B in outflows as both the euro and yen surged vs. the dollar.
    • Of the world's 20 largest ETF providers, WisdomTree was one of ten to suffer net outflows in Q1. Total assets at the firm were $43.1B as of April 8, down from a peak of $64.7B in August.
    • Stock down today on the news? Hardly. The roughed-up shares of WisdomTree (down 54% Y/Y) are the most shorted of any fund manager on the planet, according to Markit, with 21% of the float held short as of April 8. Shares are surging 8.3% today.
    | Wed, Apr. 13, 10:57 AM
  • Thu, Apr. 7, 7:42 AM
    • JPMorgan on the yen: “If you only shoot blanks, it just makes a sound: at first everyone is surprised but once they get used to it it’s just noise”
    • It seems like just yesterday when everyone on the Street was convinced dollar/yen was headed up to ¥125 - and that was before the BOJ brought Japanese interest into negative territory. It hasn't worked out.
    • The yen's 1.3% advance today brings dollar/yen all the way down to ¥108.35, the weakest in nearly two years.
    • The strong yen isn't doing any favors for the Nikkei, which edged higher overnight, but is lower by 17% YTD. Also mulling the surging yen are investors in WisdomTree (NASDAQ:WETF), whose hedged Japan ETF (NYSEARCA:DXJ) has been seeing less demand. WETF is down 31% this year.
    • Now read: USD/JPY - Yen Surges On Dovish Fed Minutes, Breaks Below 109 (April 7)
    • ETFs: DXJ, EWJ, FXY, YCS, DBJP, JYN, JPNL, EZJ, JEQ, EWV, HEWJ, YCL, JPXN, JPP, FJP, JPN, HGJP, HFXJ, HEGJ, FXJP, JPNH
    | Thu, Apr. 7, 7:42 AM | 7 Comments
  • Wed, Mar. 23, 11:20 AM
    • The currency-hedged ETF pioneer - its WisdomTree Japan Hedged Equity Fund and Europe Hedged Equity Fund account for about 55% of the company's $45B in AUM - has two issues, according to analyst William Katz.
    • First, the popularity of currency-hedging has brought in a sizable rush of competition, and it's eating into market share.
    • Second, currency hedging - wildly popular when the yen and euro were one-way bets (lower) vs. the greenback - may not be as much so with the directions of those currencies more up in the air.
    • Katz keeps a $7 price target on WisdomTree (WETF -3.7%) vs. the current level of $11.64.
    | Wed, Mar. 23, 11:20 AM | 1 Comment
  • Fri, Jan. 29, 12:10 PM
    • The Bank of Japan's entry into NIRP (negative interest rate policy) overnight sent the Nikkei soaring and the yen plunging - that's manna to those Japan ETFs which hedge against the yen's decline.
    • The most popular of those is WisdomTree's (WETF +5.8%) Japan Hedged Equity ETF (DXJ +3.6%). There's also Deutsche's X-trackers MSCI Japan Hedged Equity ETF (DBJP +3.7%), and the iShares Currency Hedged MSCI Japan ETF (HEWJ +3.6%). All of the hedged ETFs have more than doubled the performance of the unhedged iShares MSCI Japan ETF (EWJ +1.6%).
    | Fri, Jan. 29, 12:10 PM | 10 Comments
  • Fri, Jan. 22, 10:38 AM
    • WisdomTree (NASDAQ:WETF) was a $26 stock a few months back, and sold for less than $12 at the close yesterday. Bears beware, says analyst Craig Siegenthaler, noting short interest has risen to 15%.
    • While Q4 results are likely to miss estimates amid negative fund flows, the stock is too cheap because 1) There is more than one party interested in buying the company at more than double the current price, and 2) He's a long-term bull on the company franchise, and the best time to buy the stock is in periods of negative short-term flows.
    • In the long-term, he says, 80-90% of ETF flows over the next decade will be in products already listed as of year-end 2015. Players like WisdomTree, iShares, Vanguard have "deep moats surrounding their category killers."
    • WETF is higher by 11% today to $12.73.
    | Fri, Jan. 22, 10:38 AM | 1 Comment
  • Mon, Jan. 11, 8:47 AM
    | Mon, Jan. 11, 8:47 AM | 6 Comments
  • Oct. 22, 2015, 10:18 AM
    | Oct. 22, 2015, 10:18 AM | 2 Comments
  • Oct. 1, 2015, 12:22 PM
    • It was just over a month ago when Citi turned from bull to bear on WisdomTree (WETF -5.8%), without stopping at neutral. That downgrade to Sell from Buy came with a price target of $15.
    • The stock having more or less hit that target, Citi cuts it further to $12. Also cut are earnings forecasts, with Citi's for Q3, 2016, and 2017 now below consensus by 10%, 19%, and 20%, respectively.
    • Cyclical pressure could result in additional hedged currency outflows, overwhelming growth elsewhere, says Citi, and competition in the Smart Beta space is heating up, calling into question growth and scarcity value assumptions.
    • via HiddenGemTrader
    • Previously: Another Goldman ETF opens for business (Oct. 1)
    | Oct. 1, 2015, 12:22 PM
  • Sep. 3, 2015, 12:04 PM
    • Speaking at his post-meeting press conference, ECB President Mario Draghi said no "immediate" boost to QE was discussed at today's policy gathering, but he reiterated the bank's willingness to act if necessary.
    • The ECB did boost the percentage of any single issue of bonds it can buy to 33% from 25%.
    • Up ahead of Draghi, European stocks added to gains, with the Stoxx 50 closing higher by 2.2%. Flat ahead of Draghi, the euro sunk 1.1% to $1.1104.
    • Germany (NYSEARCA:EWG+2.7%, France (NYSEARCA:EWQ+2.2%, Italy (NYSEARCA:EWI+2.5%, Spain (NYSEARCA:EWP+1%, U.K. (NYSEARCA:EWU+1.9%.
    • Enjoying the strong dollar today is the leader in currency-hedged ETFs, WisdomTree (WETF +3.1%).
    | Sep. 3, 2015, 12:04 PM | 8 Comments
  • Aug. 27, 2015, 1:21 PM
    • Attributing the sharp pullback in WisdomTree (WETF +9.2%) to transitory macro volatility, Jefferies' Surinder Thind says this is the same high growth potential company today as it was one week ago, only now with a better price.
    • The outlook for a strong dollar (which benefits WETF's lineup of currency-hedged ETFs) and rising rates remains intact, says Thind.
    • Thind calls the recent insider sales non-events as they were due to personal circumstances. He notes CEO Jonathan Steinberg has sold nothing of late.
    • Previously: WisdomTree lower on two-notch Citi downgrade (Aug. 26)
    | Aug. 27, 2015, 1:21 PM | 3 Comments
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