WisdomTree writes that the firm enjoyed record quarter-end AUM of USD82.0 billion, with a full year inflow rate of 16 per cent across all products.
Net flows of USD5.3 billion in the fourth quarter made it the highest flowing quarter since 2015 and represented nine consecutive quarters of net inflows. The inflows primarily went into fixed income, US equity and commodity products.
Jonathan Steinberg, WisdomTree CEO, says: “The momentum we built from last year has set the table for a very exciting 2023 for WisdomTree. We expect our solid fund performance and positioning, combined with growth in our managed models franchise, will drive another year of strong organic growth.
“Additionally, we remain excited and focused on launching WisdomTree PrimeTM and anticipate the platform will be available in app stores in Q2, enabling many users across the US to build holistic portfolios from our suite of digital funds and real-world asset tokens and merge saving, spending and investing activities. Overall, WisdomTree remains on track with exceptional momentum, the right strategy and a tremendous opportunity ahead in ETFs, models, advisers solutions, digital assets and blockchain-enabled finance.”
Jarrett Lilien, WisdomTree COO and President, says: “Driven by over USD12 billion of net inflows in 2022, WisdomTree exited the year with record assets under management. Our 16 per cent pace of organic flow growth in 2022 was not only the best among our public asset manager peers, but it was the best year for flows since 2015. That momentum has continued into 2023 with over USD1.5 billion of net inflows, putting WisdomTree in a position to achieve its tenth consecutive quarter of firm-wide net inflows. With products and solutions that are not only strong performers, but positioned very well against this market backdrop, we see ample opportunity in front of us and could not be more excited about what is to come in 2023.”