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WisdomTree Announces Fourth Quarter and Year End 2011 Results
Record $3.9 billion of net inflows and 57% growth in revenues for 2011
$0.9 million net income for the quarter; $3.1 million for the year
New York, NY (GlobeNewswire) January 30, 2012 WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded fund (ETF) sponsor and asset manager, today reported net income of $0.9 million for the fourth quarter of 2011 as compared to a net loss of $0.6 million for the fourth quarter of 2010 and net income of $1.4 million in the prior quarter. For the year, the Company reported net income of $3.1 million as compared to a net loss of $7.5 million in 2010.
WisdomTree CEO Jonathan Steinberg commented, We generated another solid quarter of inflows and ended the year with a record $3.9 billion in net inflows, making 2011 our best year ever in terms of asset gathering. WisdomTrees sharp focus on disciplined diversification and growth initiatives made 2011 a year of accomplishments: we turned profitable, listed on NASDAQ and launched two of the most successful new ETFs of the year. Importantly, WisdomTree increased our overall ETF industry market share to 3.4% during 2011, our best annual market share percentage.
Mr. Steinberg continued, Our differentiated, broad-based and scalable ETF family is at the center of our continued growth and long-term value proposition. I am extremely pleased to report our equity strategies are building an enviable relative performance track record, and our recent steps toward asset class expansion, namely the successful launches in international fixed income and alternative strategies as well as a new sub-advisory relationship with Legg Mason subsidiary Western Asset Management bolsters our position for continued growth and product innovation.
Mr. Steinberg concluded, The larger ETF industry growth story remains intact. ETF AUM still only represents about 11% of the combined ETF and mutual fund market. Yet over the last five years ETFs have taken in 50% of total net inflows. 2011 was another strong year with ETFs taking $115 billion versus $32 billion for mutual funds, or 78% of total inflows.
Assets Under Management
ETF assets under management (AUM) was $12.2 billion at December 31, 2011, up from $11.2 billion at September 30, 2011, due in large part to $756 million in net inflows primarily into our dividend-based U.S. equity strategies and emerging market equity ETFs.
The following information was filed by Wisdomtree Investments, Inc. (WETF) on Monday, January 30, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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