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WisdomTree AUM up six per cent in Q2


WisdomTree Investments, an exchange-traded fund sponsor and asset manager, has reported an increase in average AUM for Q2 2012 of six per cent to USD15.1bn.

ETF assets under management were USD15.0bn at 30 June 2012, down from USD15.7bn at 31 March 2012, due to USD1bn of negative market movement, partly offset by USD0.3m in net inflows.

Net income for the period totalled USD0.1m, down from USD0.7m in the second quarter of 2011 and USD1.1m for the first quarter of 2012.

Excluding non-operating expenses related to litigation, shareholder proxy and exchange listing fees, proforma operating income was USD3.1m for the second quarter of 2012, up from proforma operating income of USD0.8m in the second quarter of 2011 and USD1.9m for the first quarter of 2012.

WisdomTree chief executive Jonathan Steinberg (pictured) says: "WisdomTree gathered USD338m predominantly in our dividend based equity strategies in a difficult market environment where, at an industry level, net inflows were almost entirely concentrated in domestic fixed income. While this market cycle was challenging for our product set, our ability to buck the trend in equities demonstrates our strategies are differentiated and desirable.

"In June, WisdomTree celebrated its sixth anniversary as an ETF sponsor, and our fundamentally weighted ETFs continue to build strong relative performance records. 24 of our 34 equity ETFs outperformed their capitalisation-weighted or competitive benchmarks since their respective inception through June 30, 2012. I believe this powerful performance story will be an important driver for future growth."

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