WisdomTree AUM Climbs to $2.4 billion

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February 21, 2007 | SIN Picks | | Author Asif

SINLetter pick WisdomTree Investments (WSDT.PK) announced the launch of six new earnings based ETFs (PDF) that will begin trading on the American stock exchange on Friday, February 23. These six ETFs are part of the 31 ETFs that WisdomTree had filed with the SEC in late 2006.

It is hard to come across information about this pink sheet listed company that counts a former Chairman of the SEC as its senior advisor. However their press releases usually contain information about assets under management (AUM) and according to today’s announcement, they now have $2.4 billion in assets under management. Given below is a timeline of growth in assets under management since their first 20 ETFs started trading on June 16, 2006.

Date Assets Under Management
June 16, 2006 20 ETFs begin trading
October 13, 2006 $700 million
November 10, 2006 $1 billion
December 22, 2006 $1.5 billion
Late January, 2007 $1.9 billion
February 2007 $2.4 billion

Growth in AUM has been driven as much by the stellar performance of many of their ETFs as addition of new assets. Their top performing fund, WisdomTree Europe SmallCap Dividend Fund (DFE), has returned 32.38% since inception on June 16, 2006.

The stock has appreciated 21.62% since I picked it for the SINLetter model portfolio less than three months ago and while I would be cautious about starting a new position in this highly volatile stock at this point, I plan to continue holding it for now.

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