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Rating:WSJ: WisdomTree Email Routing List Email & Route  Print Print
Monday, July 29, 2013

WSJ: WisdomTree "Killed It" in the Second Quarter

News summary by MFWire's editors

The Wall Street Journal's Kirsten Grind writes that WisdomTree's [profile] growth and second quarter performance show that the ETF industry is booming. WisdomTree had $5 billion in inflows in the second quarter up from just $300 million during the second quarter last year. Assets under management are up a whopping 93 percent.

Although WisdomTree is a small provider, and ETFs still make up a small slice of the fund industry, WisdomTree's growth shows the demand is there, Grind writes, noting that the firm is the second-largest among U.S. ETF providers. It's only behind the much larger Vanguard [profile].

To read more, click here

Edited by: Casey Quinlan

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