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
- Competitive Theories: “Deflation Warning” vs. “Inflation Is Nearly Everywhere” | Financial Sense
- Defiant North Korea Says Can Prove It Is Not Behind Hack "Without Resorting To Torture Like The CIA" | ZeroHedge
- FOMC Recap | Financial Sense
- The Annotated History Of Russian Crises Since 1860 | ZeroHedge
- Futures Continue Rising As Illiquid Market Anticipates More Volatility In Today's Quad-Witching | ZeroHedge
- Howard Marks On "The Lessons Of Oil" | ZeroHedge
- Does Russia Present a Systemic Threat to Global Markets? | Financial Sense
The most relevant financial news and articles from the Internets
- A Couple Got Stuck In Their... | Business Insider
- Mother charged with murder of eight children in... | Business Insider
- Things Could Get Much Worse For Russia | Business Insider
- 6 Things Power Couples Do To Make Love Last While Conquering The World | Business Insider
- Stocks Rise Slightly in Heavy-Volume Quadruple-Witching Session | TheStreet.com
- Russia's Central Bank Is Risking A... | Business Insider
- David Silva steps up as Man City reel Chelsea in | Business Insider