WisdomTree Reports Monthly Metrics for March 2024
April 09 2024 - 8:00AM
Business Wire
AUM of $107.3 billion sets record high for 5th
consecutive month
Over $1.2 billion of net inflows in March
Granted trust company charter by New York State
Department of Financial Services
WisdomTree, Inc. (NYSE: WT), a global financial innovator, today
released monthly metrics for March 2024, including assets under
management (AUM) and flow data by asset class.
Monthly Commentary:
- Higher fee funds drove the over $1.2 billion of net inflows in
March and nearly $2 billion of net inflows YTD, generating a
positive fee impact
- Generated net inflows in 6 of our 8 major product categories,
including double-digit annualized flow growth in Equity, Fixed
Income, Commodities and Cryptocurrency
- Our equity franchise (U.S. + International Developed Markets +
Emerging Markets) generated $2.4 billion of YTD net inflows and a
17% pace of YTD organic growth
- WisdomTree’s trust company charter granted by the New York
State Department of Financial Services (DFS) will enable WisdomTree
Prime™ to onboard New York resident customers, and also allows
WisdomTree to offer products (like stablecoins) and perform
services under DFS supervision with associated legal
protections
- Including the forthcoming launch in New York, WisdomTree Prime™
will be available in 41 states and to approximately 75% of the U.S.
population
As of March 31, 2024
AUM Rollforward ($ in
millions)
Annualized Flow Rate
MTD
QTD / YTD
MTD
QTD / YTD
Beginning of Period Total AUM
$102,804
$100,124
Total Net Flows
U.S. Equity
$265
$536
10.3%
7.4%
International Dev. Mkt Equity
$131
$1,599
8.9%
42.6%
Emerging Market Equity
$52
$217
5.6%
8.1%
Fixed Income
$230
($14)
13.0%
(0.3%)
Commodity & Currency
$516
($460)
30.4%
(8.7%)
Alternatives
($1)
$4
(3.4%)
4.0%
Cryptocurrency
$53
$158
85.0%
154.0%
Leveraged & Inverse
($36)
($50)
(23.8%)
(11.2%)
Total Net Flows
$1,210
$1,990
13.9%
8.0%
Market Move
$3,216
$5,116
Current Total AUM
$107,230
$107,230
Average Total AUM
$105,514
$102,266
Blended Total Average Fee Rate
36 bps
Source: https://ir.wisdomtree.com/
Please visit https://ir.wisdomtree.com/ for downloadable
spreadsheets containing detailed AUM and flow data by asset class
and fund broken out by daily, monthly, quarterly and annual
timeframes.
About WisdomTree
WisdomTree is a global financial innovator, offering a
well-diversified suite of exchange-traded products (ETPs), models,
solutions and products leveraging blockchain technology. We empower
investors and consumers to shape their future and support financial
professionals to better serve their clients and grow their
businesses. WisdomTree is leveraging the latest financial
infrastructure to create products that provide access, transparency
and an enhanced user experience. Building on our heritage of
innovation, we are also developing and have launched
next-generation digital products, services and structures,
including digital or blockchain-enabled mutual funds and tokenized
assets, as well as our blockchain-native digital wallet, WisdomTree
Prime™.*
*The WisdomTree Prime digital wallet and digital asset services
are made available through WisdomTree Digital Movement, Inc. (NMLS
ID: 2372500) and, after the forthcoming launch in New York, through
WisdomTree Digital Trust Company, LLC, in select U.S. jurisdictions
and may be limited where prohibited by law. WisdomTree Digital
Trust Company, LLC is chartered as a limited purpose trust company
by the New York State Department of Financial Services to engage in
virtual currency business. Visit https://www.wisdomtreeprime.com or
the WisdomTree Prime mobile app for more information.
WisdomTree currently has approximately $106.9 billion in assets
under management globally.
For more information about WisdomTree and WisdomTree Prime™,
visit: https://www.wisdomtree.com.
Please visit us on X, formerly known as Twitter, at
@WisdomTreeNews.
WisdomTree® is the marketing name for WisdomTree, Inc. and its
subsidiaries worldwide.
PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE PRIME:
NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT |
MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT
AGENCY
The products and services available through the WisdomTree Prime
app are not endorsed, indemnified or guaranteed by any regulatory
agency.
Cautionary Statement Regarding Forward-Looking
Statements
This press release may contain a number of “forward-looking
statements” as defined in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements include, but are not
limited to, statements about our ability to achieve our financial
and business plans, goals and objectives and drive stockholder
value, including with respect to our ability to successfully
implement our strategy relating to WisdomTree Prime™, our ability
to continue to make achievements in AUM, levels of net inflows and
other risk factors discussed from time to time in WisdomTree’s
filings with the Securities and Exchange Commission (“SEC”),
including those factors discussed under the caption “Risk Factors”
in our most recent annual report on Form 10-K, filed with the SEC
on February 23, 2024, and in subsequent reports filed with or
furnished to the SEC. These forward-looking statements are based on
WisdomTree’s management’s current expectations, estimates,
projections and beliefs, as well as a number of assumptions
concerning future events. These forward-looking statements are not
guarantees of future performance, conditions or results, and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
WisdomTree’s management’s control, that could cause actual results
to differ materially from the results discussed in the
forward-looking statements. Forward-looking statements included in
this release speak only as of the date of this release. WisdomTree
does not undertake any obligation to update its forward-looking
statements to reflect events or circumstances after the date of
this release except as may be required by the federal securities
laws.
Category: Business Update
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version on businesswire.com: https://www.businesswire.com/news/home/20240409009442/en/
Media Relations WisdomTree, Inc. Jessica Zaloom +1.917.267.3735
jzaloom@wisdomtree.com
Natasha Ramsammy +1.917.267.3798 nramsammy@wisdomtree.com /
wisdomtree@fullyvested.com
Investor Relations WisdomTree, Inc. Jeremy Campbell
+1.646.522.2602 Jeremy.Campbell@wisdomtree.com
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