WisdomTree Investments Inc. reported strong Q1 2021 results, marked by a significant increase in net income and operating revenues. The company saw a rise in AUM and net inflows, driven by emerging markets equity products. Growth was also fueled by thematic products and expansion in operating margins.
Net income reached $15.1 million ($12.51 million, as adjusted).
Ending AUM increased to $69.5 billion, a 3.2% rise from net inflows and market appreciation.
Net inflows totaled $1.3 billion, driven by emerging markets equity products.
Operating revenues grew by 8.6% to $72.8 million due to higher average AUM and advisory fees.
While the report does not explicitly offer forward guidance, the commentary from the CEO and COO suggests an expectation of continued growth, momentum, and strong execution. Focus remains on crypto asset space and blockchain initiatives.
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