WisdomTree Q4 Revenue Surges

WisdomTree, the ETF issuer behind many of the popular dividend-weighted equity ETFs and currency ETFs, reported its fourth quarter results after the bell on Thursday. As the only publicly-traded “pure play” ETF issuer, WisdomTree offers insights into the financials of ETF issuers and the potential profitability of what has become a huge business. Not surprisingly, fourth quarter revenues surged, jumping 32% from the third quarter thanks to strong cash inflows and performance of global equity markets. WisdomTree saw ETF inflows of $1.3 billion in the fourth quarter, and finished 2010 with just under $10 billion in assets. The company’s average ETF advisory fee inched higher to 57 basis points, up from 56 bps in the third quarter and 54 bps in the fourth quarter of 2009. Metric Q4 ‘10 Q3 ‘10 Q4 ‘09 AUM $10,642 $8,958 $6,668 ETF Inflows $1,271 $1,161 $911 Average ETF Advisory Fee 0.57% 0.56% 0.54% Revenue $13,413 $10,130 $7,731 Operating Income (Loss) $1,725 $531 ($1,425) Net Loss ($580) ($1,517) ($5,032) $ in thousands. Source: WisdomTree WisdomTree’s pro-forma operating income jumped to $1.7 million, up from $531,000 [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts