NEW YORK, July 23, 2015 /PRNewswire/ --
ACI Association has initiated research coverage on WisdomTree Investments, Inc. (NASDAQ: WETF). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.
Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=WETF
Highlights from our WETF Report include:
- Financial Highlights - On May 1, 2015, WisdomTree Investments, Inc. reported its Q1 2015 earnings. The Company posted record quarterly total revenues which soared nearly 40.1% Y-o-Y to $60.1 million, primarily due to higher average AUM from strong inflows. Net income came in at $12.1 million or $0.09 per diluted share, compared to $30.2 million (including a non-recurring tax benefit of $13.7 million) or $0.22 per diluted share in Q1 2014. Gross margin for US listed ETFs was 83.2% vis-a-vis 78.6% reported in Q1 2014. The Company attributes this increase to beneficial pricing changes for its fund accounting, administration and custody services, which took effect in April 2014, as well as higher average AUM.
- Record AUM and Net inflows - The Company's US listed ETF assets under management were a record $55.8 billion, up 42% QoQ, as a result of record inflows of $13.5 billion. European listed AUM was $334.6 million, up 85% sequentially from $181.2, mainly due to $174.2 million of net inflows, primarily in the Company's Boost branded ETPs. Net inflow market share was 23.8% for the reported quarter as compared to 3.8% in the last quarter.
- Strong Performance Vs Benchmark - The Company stated that the performance of its US listed equity, fixed income and alternative ETFs against actively managed and index based mutual funds and ETFs revealed that 90.2% of the $49.5 billion invested in ETFs and 60% (31 of 52) of ETFs outperformed their comparable Morningstar average since inception as of March 31, 2015.
- Recent Business Developments & Recognitions - In a new milestone, the Company surpassed $50 billion in assets under management in March, after its WisdomTree Europe Hedged Equity Fund (HEDJ) surpassed $10 billion in assets in February. Additionally, WisdomTree launched new funds during the quarter: Europe Hedged SmallCap Equity Fund (EUSC) and Japan Hedged Dividend Growth Fund (JHDG) in March and April, respectively. Further, the WisdomTree Europe Hedged Equity Fund received ETF.com award for 'ETF of the Year' during the quarter. Highlighting the appointments during the period, the Company informed that it named David Yates as Chief Information Officer in April, while Alisa Maute was named the Head of U.S. Sales during the same month.
To find out how this influences our rating on WisdomTree Investments, Inc., read the full report in its entirely here: http://www.aciassociation.com/?c=WETF
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