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WisdomTree AUM hits record $107.3 billion in March

EditorEmilio Ghigini
Published 04/09/2024, 08:31 AM
Updated 04/09/2024, 08:31 AM

NEW YORK - WisdomTree, Inc. (NYSE: WT), a global provider of exchange-traded products (ETPs) and financial services, has reported a record-high assets under management (AUM) of $107.3 billion for March 2024, marking the fifth consecutive month of growth. The company experienced over $1.2 billion in net inflows during the month, contributing to nearly $2 billion in net inflows year-to-date (YTD).

The growth in AUM is attributed to strong inflows across six of WisdomTree's eight major product categories, with notable annualized growth in Equity, Fixed Income, Commodities, and Cryptocurrency. The Equity franchise, encompassing U.S., International Developed Markets, and Emerging Markets, has been particularly robust, generating $2.4 billion of YTD net inflows and a 17% pace of YTD organic growth.

Additionally, WisdomTree has been granted a trust company charter by the New York State Department of Financial Services. This regulatory approval allows the firm to onboard New York residents as customers and offer products such as stablecoins under the supervision of the state's financial authority.

The company's new charter is expected to enhance its digital offerings, including the WisdomTree Prime™ platform, which is set to launch in New York. With this expansion, WisdomTree Prime™ will be available in 41 states, reaching approximately 75% of the U.S. population.

WisdomTree's latest financial metrics also reveal a positive impact on fee revenue, driven by higher fee funds. The company's total net flows for March reflect a diversified growth across its product lines, with significant contributions from U.S. Equity, International Developed Market Equity, and Cryptocurrency.

The information provided in this article is based on a press release statement from WisdomTree, Inc. The company continues to innovate in the financial sector, leveraging blockchain technology to enhance investor access and experience. WisdomTree's current global AUM stands at approximately $106.9 billion, as it maintains its commitment to empowering investors and supporting financial professionals.

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InvestingPro Insights

WisdomTree, Inc. (NYSE: WT) has demonstrated a notable performance with a market capitalization of $1.4 billion and a positive trajectory in its share price, which is currently trading near its 52-week high, reflecting investor confidence. The company's forward-looking P/E ratio stands at an attractive 12.33, suggesting that it may be undervalued relative to its near-term earnings growth potential. This aligns with the InvestingPro Tip indicating that WisdomTree is trading at a low P/E ratio relative to near-term earnings growth.

On the operational side, WisdomTree's revenue growth over the last twelve months as of Q4 2023 has been impressive at 15.83%, with a quarterly spike of 23.92% in Q4 2023, showcasing a strong momentum in its business operations. This growth is backed by a solid gross profit margin of 45.49%, which highlights the company's ability to manage its cost of goods sold effectively and maintain profitability.

Investors might also take comfort in the company's ability to sustain dividend payments for 11 consecutive years, which is a testament to WisdomTree's financial stability and commitment to shareholder returns. This is further reinforced by the company's liquid assets surpassing short-term obligations, ensuring financial flexibility and resilience in meeting its immediate financial commitments.

For investors seeking more in-depth analysis and additional insights, there are currently 11 more InvestingPro Tips available for WisdomTree at https://www.investing.com/pro/WT. To enhance your investment research on WisdomTree, consider subscribing to InvestingPro, and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

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