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
- Lack of Wage Growth Means Retail Spending Woes | Financial Sense
- Goldman Demolishes Jobless Claims Hype: "This Does Not Signal A Booming Labor Market" | ZeroHedge
- Calm Before the Storm? | Financial Sense
- President Hillary Clinton Will Oppose Crude Oil Exports | Financial Sense
- How Our Aversion To Change Leads Us Into Danger | ZeroHedge
- Santelli & Hunt Warn About "Dire Consequences" Of Negative Rates | ZeroHedge
- China’s New Infrastructure Bank Wins Grudging Assent From the US and Japan | Financial Sense
The most relevant financial news and articles from the Internets
- Air Force: French train hero stabbed in California | Business Insider
- People are already doing amazing things in the new 'Star Wars' game... | Business Insider
- Cal-Utah gets top billing in weekend to beware of... | Business Insider
- Rangers hold on for 3-2 victory over Blackhawks | Business Insider
- Justice Dept, police gather for summit on violent crime | Business Insider
- Angela Merkel is the favourite to win the Nobel Peace Prize | Business Insider
- House GOP to vote for new speaker, but won't be last... | Business Insider