WisdomTree Investments reported a net income of $4.3 million and diluted EPS of $0.02 for Q4 2019. The company's ending AUM increased by 6.1% to $63.6 billion, driven by market appreciation and net inflows. Operating revenues increased by 1.8% to $68.9 million, primarily due to higher average AUM of U.S. listed products.
Ending AUM increased by 6.1% to $63.6 billion due to market appreciation and net inflows.
Net inflows were $368 million ($560 million excluding HEDJ/DXJ), driven by U.S. equity, fixed income, and emerging markets products.
Operating revenues increased by 1.8% to $68.9 million due to higher average AUM of U.S. listed products.
The company is pursuing an exit from its $58 million investment in AdvisorEngine Inc. and estimates a non-cash impairment charge of $22.0 million to $30.0 million.
WisdomTree is focused on capitalizing on tailwinds, driving operating efficiencies, and investing in industry innovation in 2020.
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