Exchange traded fund (ETF) and exchange traded product (ETP) sponsor WisdomTree Europe has surpassed USD500 million in Assets Under Management (AUM).
In the past year, the firm listed products on four major exchanges across Europe and developed its distribution capabilities through important hires in sales, operations and capital markets.
“I am encouraged by the strong execution across our growing operations, product development, distribution, research and capital markets efforts which have raised a total of USD548 million (as of 25 May 2015) in assets today, since the formation of WisdomTree Europe last April, when our AUM was USD97 million,” says Nik Bienkowski, Co-CEO of WisdomTree Europe.
Since its formation in April 2014, WisdomTree Europe has launched the WisdomTree UCITS ETF smart beta family across the United Kingdom, Italy, Germany and Switzerland. Most of these ETFs are dividend weighted which can help to enhance yield in today’s low interest rate environment. The UCITS ETFs also include three recently launched currency-hedged ETFs, based on existing successful WisdomTree ETFs.
The company also continues to grow the Boost ETP product range, offering differentiated short and leverage product in equities, fixed income, currencies and commodities. Recently, with oil prices having fallen by some 50% or more in the past six months, Boost’s 3x short and 3x leverage oil ETPs have put the Boost platform on the radar screen of an ever increasing number of investors.
WisdomTree Europe now boasts a leadership team with sales and operating experience from some of the largest asset managers in Europe.
Bienkowski adds: “With multiple products focussed on oil, dividend-paying equities, and currency-hedged equity exposures, our product platform provides unique and timely solutions for European investors. The market opportunities for the WisdomTree UCITS ETF and Boost ETP product range is enormous and I am confident we have established the expertise and infrastructure to compete successfully in the fast-growing European ETP market.”