Exchange traded fund (ETF) sponsor WisdomTree Investments has reported net income of USD20.5 million or USD0.15 diluted EPS in Q4. This compares to USD9.6 million in the fourth quarter of the previous year and USD23.3 million in the third quarter of 2015.
For the year, net income was USD80.1 million or USD0.58 diluted EPS as compared to USD61.1 million or USD0.44 diluted EPS for 2014.
WisdomTree CEO and President Jonathan Steinberg, says: “Our full year 2015 results demonstrate the dynamic growth and overall strength of our business and affirm the strength of our strategy. We achieved nearly USD18 billion in inflows globally which drove significant year-over-year revenue growth and earnings for our investors.
“Over the course of 2015 we expanded our core US distribution capabilities; investing in our sales, technology and client-facing services and broadening our product set with the launch of 17 new funds in the US across equity, fixed income and alternative strategies. Product strategy and investor-focused innovation remain WisdomTree’s core competency and competitive strength. We continue to build out our global ETF footprint with solid progress in Europe, Latin America and Japan.
“In challenging market conditions the benefit of the ETF structure becomes even more apparent. Against a backdrop of USD125 billion in mutual fund outflows in 2015, the ETF industry enjoyed USD232 billion in net inflows. A focus on transparency, fees and liquidity in investment markets worldwide will continue to fuel this unstoppable trend. WisdomTree has had the foresight and focus to establish strong positions in fast-growing product categories and ETF markets; and an efficient business model powering our continued investments. Despite outflows in the second half of the year, we are extremely well-positioned for continued long-term growth.”