ETF provider WisdomTree has raised more than USD1 billion in assets under management in its European-listed products.
WisdomTree opened its office in Europe in April 2014 and has experienced steady growth while establishing WisdomTree’s European UCITS ETF platform and continuing to strengthen its Boost-branded ETPs. Year-to-date, the Company has seen net inflows of USD220 million in its European-listed products.
The firm now lists across the Borsa Italiana, London Stock Exchange, Xetra, SIX Swiss Exchange and Irish Stock Exchange and has a total of 26 WisdomTree UCITS ETFs in multiple share classes. It also lists 144 Boost ETPs across a variety of asset classes. Most recently, the Company launched the WisdomTree US Quality Dividend Growth UCITS ETF (DGRA) and WisdomTree Global Quality Dividend Growth UCITS ETF (GGRA) on the London Stock Exchange.
Boost's Oil ETPs have proved popular with investors, with over USD4.1 billion of turnover and AUM growing by 37 per cent, over the course of the year. Including the Boost FTSE MIB 3x Leverage Daily ETP (3ITL) listed on the Borsa Italiana and Boost Euro Stoxx 50 3x Leverage (3EUL) and Short (3EUS) Daily ETPs, the Boost range of equities accounts for nearly 23 per cent of WisdomTree AUM in Europe.
Across the UCITS ETFs, the WisdomTree European Equity UCITS ETF-USD Hedged (HEDJ), which provides exposure to export-oriented Eurozone equities while providing a USD or Euro currency hedge, has seen net inflows of USD122 million over the past year, while the WisdomTree Europe Equity SmallCap Dividend UCITS ETF (DFE) has grown by close to 50 per cent to reach USD54 million in AUM.
David Abner, recently appointed to lead the WisdomTree business in Europe, says: "Reaching USD1 billion in AUM is a major milestone and we are pleased to see growth across our product range, demonstrating the broad appeal of our diversified offerings across smart beta UCITS ETFs and ETPs in commodities, equities and fixed income. We now have a breadth of products suitable for both strategic portfolio allocations and more tactical trading tools.
“WisdomTree is deeply committed to the European market and continues to make investments to better serve this fast-growing ETF landscape. Since the beginning of the year we have added to our sales coverage and registered products in the Netherlands, France, Sweden and Finland, adding to our existing dedicated coverage of the UK, Italy, Germany and Switzerland.”
Nizam Hamid, (pictured) ETF Strategist, WisdomTree Europe says: “Many of our proprietary indices upon which our ETFs are based first launched in 2006 and 2007. We believe these long track records are an increasingly valuable characteristic for investors looking at smart beta strategies. This has been especially evident in the current market environment where the strengths of our alternatively weighted strategies have in many cases delivered outperformance, and often with lower volatility, relative to traditional market cap weighted indices."