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.
Management expressed excitement about continuing to build on their strong results and executing well on all fronts.
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