WisdomTree Hits $20B in Assets Under Management
Last week we reported that the WisdomTree Japan Hedged Equity Fund (DXJ) had totaled to $2 billion. A day later Benzinga.com reported WisdomTree itself, WisdomTree Investments, Inc. (WETF) now has $20 billion in assets under management. It's big, very big.
Recall we jumped on the WisdomTree Investments, Inc. (WETF) long train last week. The company is responsible for the DXJ thus invest directly in the entity that is pulling the trigger and counting the cash. WETF jumped 12% in the past five days and YTD is up 42%. From Benzinga:
"We are pleased to reach this significant milestone of $20 billion in AUM, and equally pleased to reach these asset levels through balanced growth across our product family. WisdomTree is building a track record of innovation in the ETF industry," said WisdomTree CEO and President Jonathan Steinberg in a statement.
Bottom line: Fellow Masters it seems crazy to load up on the WETF this late in the run but should more money flow into their ETFs, the stock is going higher.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- The Population Bomb | ZeroHedge
- Dramatic Footage: How Venezuelans Get Milk Powder | ZeroHedge
- History's Future | ZeroHedge
- Chinese Economy Crashes To 2-Year Low; China Stocks Plunge, Asian Stocks Test 2015 Lows | ZeroHedge
- Chinese Company Replaces Humans With Robots, Production Skyrockets, Mistakes Disappear | ZeroHedge
- Dow 5000? Charles Nenner Discusses His Cycle Theory and Predictions for the Market | Financial Sense
- Shaping the Investment Climate and the Dollar Trade | ZeroHedge
The most relevant financial news and articles from the Internets
- Which Is America's Best City? | BusinessWeek
- We asked an exercise scientist how many days a week you need to work out to actually... | Business Insider
- No growth for China's manufacturers in July | Business Insider
- There's less than a week before the first wild GOP debate — here's who... | Business Insider
- Women coaches breaking into US sport | Business Insider
- Everyone... | Business Insider
- Here's the trick to removing 'like' and... | Business Insider