WisdomTree's (WETF) [profile] average expense ratio is falling. Today in its fourth quarter 2011 earnings report the New York City-based exchange-traded mutual fund provider revealed that in Q4 2011 it brought in 54 basis points in fees across its $12.2 billion (as of December 31) in 47 ETFs, compared to 55 bps in Q3 2011, 57 bps in Q4 2010. For all of 2011 WisdomTree brought in 55 bps, down from 56 bps in 2010.

Murray Coleman of Barron's reported on WisdomTree's results.

WisdomTree earned $0.01 per share in Q4 2011, right in line with analysts' estimates, the same as Q3 2011, and up from a $0.01-per-share loss in Q4 2010. For all of 2011 WisdomTree earned $0.03 per share, compared with a $0.07-per-share loss in 2010.

"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," WisdomTree CEO Jonathan Steinberg stated. "WisdomTree increased our overall ETF industry market share to 3.4 percent during 2011, our best annual market share percentage."

In terms of market share, WisdomTree boasted $756 million of net inflows in Q4 2011, 1.9 percent of the ETF industry's total. That's up from $179 million (0.9 percent) in Q3 2011 but down from 2.7 percent in Q4 2010 and 2.7 percent for all of 2010. Q4 inflows also fell short of WisdomTree's full year 2011 market share of 3.4 percent. 

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