Bringing you live news and features since 2006 

WisdomTree makes GAAP net loss of USD5m in Q4

RELATED TOPICS​

WisdomTree, an exchange-traded fund sponsor and asset manager, has reported a GAAP net loss of USD5.0 m in the fourth quarter of 2009, flat with the third quarter.

Proforma operating net loss, which excludes stock-based compensation, depreciation and amortization, and interest and investment income, was USD1.5m in the fourth quarter, a 37.7 per cent improvement from a proforma operating net loss of USD2.4m in the third quarter.

For the full year, net loss was USD21.2m compared to USD27.0m in 2008.

Proforma operating net loss for the full year was USD11.3m, a 39.8 per cent improvement from proforma operating net loss of USD18.7m in 2008.

WisdomTree chief executive Jonathan Steinberg says: “WisdomTree achieved our best fourth quarter in company history. We are encouraged to see the market responding to our innovations in the emerging markets – namely the industry’s first India, and emerging markets small cap ETFs, as well as the first “1940 Act” family of currency ETFs which collectively were responsible for the majority of the USD911 m net inflows in the fourth quarter.”

As of 31 December 2009, assets under management managed by WisdomTree or against WisdomTree Indexes by third parties under license from WisdomTree was USD6.7bn and ETF AUM was USD6.0bn, both up 22 per cent from 30 September 2009.

Net inflows into WisdomTree ETFs were USD911m in the fourth quarter primarily in emerging market currency and emerging market equity ETFs. For the full year, ETF AUM increased 88 per cent and net inflows were USD1.8bn.

WisdomTree’s fundamentally weighted ETFs experienced relatively strong investment performance through the fourth quarter. Approximately 76 per cent of the USD5.1bn invested in WisdomTree’s 42 equity ETFs on 31 December 2009 were in funds that, since their respective inceptions, have outperformed their benchmarks through that date. Twenty six of WisdomTree’s 42 equity ETFs outperformed their comparable benchmarks since inception and through the fourth quarter of 2009.

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by