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Sep 30, 2021
WisdomTree Investments Inc Q3 2021 Earnings Report
WisdomTree's positive momentum continued through Q3 with another quarter of organic growth and strong execution.
Key Takeaways
WisdomTree Investments Inc. reported a net income of $5.8 million and adjusted net income of $16.31 million for Q3 2021. The company experienced $0.5 billion in net inflows, driven by international developed market equity and U.S. equity products, with operating revenues increasing by 3.1% to $78.1 million.
Ending AUM was $72.8 billion, reflecting a 1.6% decrease due to market depreciation, partially offset by net inflows.
Net inflows totaled $0.5 billion, driven by international developed market equity and U.S. equity products.
Average global advisory fee increased by 1 basis point to 0.41% due to AUM mix shift.
Operating revenues increased by 3.1% to $78.1 million due to higher average AUM and a higher average global advisory fee.
Forward Guidance
Management expressed excitement about continuing to build on their strong results and executing well on all fronts.
Positive Outlook
- Continued strong execution and organic growth.
- Nearly 13% year-to-date organic growth in the U.S. business.
- Five straight quarters of inflows in the U.S.
- Success in equities and fixed income, including the U.S. Efficient Core fund.
- UCITS ETF franchise in Europe continues to gain traction.
Challenges Ahead
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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