Skip to main content
MENU
Subscribe
  • Subscribe
  • Account
  • LOGIN
  • Topics
    • Alternatives
    • Consultants
    • Coronavirus
    • Courts
    • Defined Contribution
    • ESG
    • ETFs
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Opinion
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Russia-Ukraine War
    • SECURE Act 2.0
    • Special Reports
    • White Papers
  • Rankings & Awards
    • 1,000 Largest Retirement Plans
    • Top-Performing Managers
    • Largest Money Managers
    • DC Money Managers
    • DC Record Keepers
    • Largest Hedge Fund Managers
    • World's Largest Retirement Funds
    • Best Places to Work in Money Management
    • Excellence & Innovation Awards
    • Eddy Awards
  • ETFs
    • Latest ETF News
    • Fund Screener
    • Education Center
    • Equities
    • Fixed Income
    • Commodities
    • Actively Managed
    • Alternatives
    • ESG Rated
  • ESG
    • Latest ESG News
    • The Institutional Investor’s Guide to ESG Investing
    • Climate Change: The Inescapable Opportunity
    • Impact Investing
    • 2022 ESG Investing Conference
    • ESG Rated ETFs
  • Defined Contribution
    • Latest DC News
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • Trends in DC: Focus on Retirement Income
    • 2022 Defined Contribution East Conference
    • 2022 DC Investment Lineup Conference
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Performance Data
    • P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
    • Future of Investments Research Series
    • Charts & Infographics
    • Polls
  • Careers
  • Events
    • View All Conferences
    • View All Webinars
    • 2022 Innovation Investing Conference
    • 2022 Defined Contribution East Conference
    • 2022 ESG Investing Conference
    • 2022 DC Investment Lineup Conference
    • 2022 Alternatives Investing Conference
Breadcrumb
  1. Home
  2. MONEY MANAGEMENT
March 19, 2015 01:00 AM

2 ETFs help WisdomTree exceed $50 billion in assets

European and Japanese funds brought in $10.5 billion this year

James Comtois
  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print
    Jonathan Steinberg

    Two exchange-traded funds are leading New York-based ETF manager WisdomTree Investments Inc. to experience significant growth.

    So far, WisdomTree's assets have grown to $53.1 billion as of March 13, up nearly 35% from Dec. 31. A large part of that recent growth is thanks to its Europe Hedged Equity Fund and Japan Hedged Equity Fund. As of March 10, the two ETFs combined brought in $10.5 billion in new assets this year.

    The two fast-growing currency hedging strategies — which, combined, have $30.74 billion in assets, representing about 58% of total company AUM — are among WisdomTree's lineup of 70 ETFs.

    “These are certainly exciting times for them now, given their hedged currency ETF and their Japanese vehicle. Both of them have exploded in terms of asset growth this year,” said Macrae Sykes, an analyst at Gabelli & Co. Inc., New York, who covers WisdomTree.

    Mr. Sykes added: “(With) the stronger dollar and the backdrop of a more comfortable (European Central Bank), they're well-positioned to grab more growth.”

    In January and February, WisdomTree experienced net inflows of $9.9 billion, said Jonathan Steinberg, president and CEO of WisdomTree. On March 9, the firm announced it surpassed $50 billion in assets under management.

    WisdomTree is the fifth largest ETF manager in the U.S.

    Surinder Thind, an equity analyst at Jefferies & Co., San Francisco, said the growth is due to WisdomTree putting these ETFs in place in advance of macroeconomic events making them popular.

    “They weren't instant hits,” Mr. Thind noted. But management put these funds in place so that, when the dollar eventually did strengthen, WisdomTree would be ready, he said. The Europe fund's inception date is the end of 2009 and the Japan fund, mid-2006.

    Mr. Steinberg told Pensions & Investments in a phone interview that he anticipates the firm will spend between $12 million and $16 million on growth initiatives in 2015. By comparison, earnings reports from the firm show WisdomTree allocated up to $9 million to strategic growth investments in 2014, $8 million in 2013 and $2.5 million in 2012.

    “We have plans to launch eight to 10 new funds this year,” said Mr. Steinberg.

    In addition to new funds, Mr. Steinberg noted the company also plans to “significantly expand” its sales staff in 2015.

    Although he declined to disclose details on the new ETFs or number of sales positions the firm is looking to recruit, WisdomTree already has launched a WisdomTree Europe Hedged SmallCap Equity Fund this year. Also, its quarterly earnings report reveals new roles added to the company would include a head of sales and an expanded chief investment strategist position.

    With the ETF industry managing $2.8 trillion in assets globally, Mr. Steinberg wants WisdomTree to be ready to accommodate investors' growing appetite for ETFs. He noted that over the past 10 years, ETFs had net inflows of $1.4 trillion in the U.S.

    Related Articles
    WisdomTree forms Australian alliance with BetaShares
    Booming derivatives costs are welcome news for ETFs
    Recommended for You
    MassMutual_Logo_i.jpg
    MassMutual becomes equity investor in Kudu
    ONLINE_180819917_AR_0_ZXNMFGHRAFDD.jpg
    Westwood to acquire Salient Partners for $35 million
    Intermediate Capital inks new ESG, sustainability leader
    OCIO, Anchor in Rough Seas
    Sponsored Content: OCIO, Anchor in Rough Seas

    Reader Poll

    May 23, 2022
    SEE MORE POLLS >
    Sponsored
    White Papers
    Crossroads: Politics, Inflation, & Bonds
    Credit Indices: Closing the Fixed Income Evolutionary Gap
    Forever in Style: Benchmarking with the Morningstar® Broad Style Indexes℠
    Q2 2022 Credit Outlook: Carry On
    Leverage does not equal risk
    Is there a mid-cap gap in your DC plan?
    View More
    Sponsored Content
    Partner Content
    The Industrialization of ESG Investment
    For institutional investors, ETFs can make meeting liquidity needs easier
    Gold: the most effective commodity investment
    2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios
    Ten ways retirement plan professionals add value to plan sponsors
    Gold: an efficient hedge
    View More
    E-MAIL NEWSLETTERS

    Sign up and get the best of News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    Subscribe Today
    May 23, 2022 page one

    Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors.

    Subscribe
    Connect With Us
    • RSS
    • Twitter
    • Facebook
    • LinkedIn

    Our Mission

    To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.

    About Us

    Main Office
    685 Third Avenue
    Tenth Floor
    New York, NY 10017-4036

    Chicago Office
    130 E. Randolph St.
    Suite 3200
    Chicago, IL 60601

    Contact Us

    Careers at Crain

    About Pensions & Investments

     

    Advertising
    • Media Kit
    • P&I Content Solutions
    • P&I Careers | Post a Job
    • Reprints & Permissions
    Resources
    • Subscribe
    • Newsletters
    • FAQ
    • P&I Research Center
    • Site map
    • Staff Directory
    Legal
    • Privacy Policy
    • Terms and Conditions
    • Privacy Request
    Pensions & Investments
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Consultants
      • Coronavirus
      • Courts
      • Defined Contribution
      • ESG
      • ETFs
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Opinion
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Russia-Ukraine War
      • SECURE Act 2.0
      • Special Reports
      • White Papers
    • Rankings & Awards
      • 1,000 Largest Retirement Plans
      • Top-Performing Managers
      • Largest Money Managers
      • DC Money Managers
      • DC Record Keepers
      • Largest Hedge Fund Managers
      • World's Largest Retirement Funds
      • Best Places to Work in Money Management
      • Excellence & Innovation Awards
      • Eddy Awards
    • ETFs
      • Latest ETF News
      • Fund Screener
      • Education Center
      • Equities
      • Fixed Income
      • Commodities
      • Actively Managed
      • Alternatives
      • ESG Rated
    • ESG
      • Latest ESG News
      • The Institutional Investor’s Guide to ESG Investing
      • Climate Change: The Inescapable Opportunity
      • Impact Investing
      • 2022 ESG Investing Conference
      • ESG Rated ETFs
    • Defined Contribution
      • Latest DC News
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • Trends in DC: Focus on Retirement Income
      • 2022 Defined Contribution East Conference
      • 2022 DC Investment Lineup Conference
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Performance Data
      • P&I Research Center
      • Earnings Tracker
      • Endowment Returns Tracker
      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
      • Future of Investments Research Series
      • Charts & Infographics
      • Polls
    • Careers
    • Events
      • View All Conferences
      • View All Webinars
      • 2022 Innovation Investing Conference
      • 2022 Defined Contribution East Conference
      • 2022 ESG Investing Conference
      • 2022 DC Investment Lineup Conference
      • 2022 Alternatives Investing Conference