WisdomTree Posts Strong Q2 Results

WisdomTree, fresh off its move from the Pink Sheets to the NASDAQ, announced net income of $0.7 million for the second quarter of 2011 on record assets under management (AUM) of nearly $13 billion. WisdomTree’s AUM more than doubled from the same period a year ago, and the swing to profit came after the company lost $1.9 million in the second quarter of 2010. WisdomTree also reported a profit in the first quarter of 2011. Other highlights from WisdomTree, which now trades under the ticker WETF, included: Net inflows were $1.7 billion for the second quarter, representing 5.8% of market share. WisdomTree’s AUM represents only about 1.2% of the ETF total, implying that the company’s growth rate outpaces the industry by a wide margin. Revenues increased 78.7% to a record $16.7 million in the second quarter. Approximately 79% of the $9.5 billion invested in WisdomTree’s 34 equity ETFs at the [...] Click here to read the original article on ETFdb.com. Related Posts: WisdomTree Debuts Inflation-Focused ETF: Real Return Fund (RRF) Complete List Of Active ETFs WisdomTree Swings To Profit On Surge In Inflows WisdomTree Launches Asia Debt ETF (ALD) January ETF Roundup: Launches, Filings, and Closures