Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Skating to Where the Puck Is Headed, ETF Style Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, August 5, 2015

Skating to Where the Puck Is Headed, ETF Style

News summary by MFWire's editors

Few fundsters are flying higher right now than Jono Steinberg and his team at WisdomTree [profile]. For a deeper dive into how they got here, and some musings on whether or not they can keep on flying, read Chris Dieterich's Barron's piece on the $63-billion AUM, 79-ETF shop.

Barron's talks to Steinberg, WisdomTree founder and CEO, and other top executives at the shop. He tells the story of its multiple transformations and its rise.

Part of WisdomTree's stock market success (it trades at 38 times forward earnings and five percent of AUM), Barron's posits, may come from the company being "the only publicly traded asset manager focused exclusively on ETF research and development." ETFs are hot, yet BlackRock is much bigger than its iShares business, Vanguard isn't publicly traded, and State Street is primarily an institutional asset manager and custodial bank. ETFs are at best a big piece of the pie at some other publicly-traded shops: at WisdomTree, ETFs ARE the pie.

WisdomTree also has two particularly hot ETFs right now that are driving inflows right now (it's pulling in 25 percent of ETF inflows). Concentrated flows are nothing new for WisdomTree, though where those flows are going has changed over the years. WisdomTree keeps finding different hot products for different times.

"We've gone through about four cycles of people saying, 'You're too concentrated,'" Luciano Siracusano, chief investment strategist and former head of sales, tells Barron's. "It's a recurring criticism. We were so good at taking in money in dividend funds that first year, so then we're a dividend company. Then we were so good at taking in money in emerging markets, and they said, 'You're an EM company.' Then, of course, after 2013, we became a Japan story. We can skate to where the puck is headed and pivot the sales team very quickly." 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - Lessons Learned from the Regional Bank Volatility and the Impact on Registered Funds, June 18
  2. IMEA webinar - Snapshot on the Talent Landscape, June 18
  3. 2024 MMI National Accounts Roundable, June 18
  4. MMI webinar - RIA Consolidators: The New Key Accounts?, June 20
  5. MFDF Director Discussion Series - Open Forum (Philadelphia), June 20
  6. MMI webinar - DoL Fiduciary Rule Update: What Are the Implications?, June 21
  7. WE Chicago - Pre-Morningstar Conference reception, June 25
  8. Celebrating 100 Years of the Mutual Fund, June 25
  9. New York YPEM Cornhole Classic, June 25
  10. Morningstar Investment Conference Conference 2024, Jun 26-27
  11. 2024 MMI Institutional Roundtable, June 26
  12. WE PNW Seattle - Pickleball and Networking, June 27
  13. Celebrating 100 Years of the Mutual Fund, July 11
  14. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 16
  15. MFDF Director Discussion Series - Open Forum via Zoom, July 17
  16. MFDF Director Discussion Series - Open Forum (New York), July 23
  17. IMEA Portfolio Construction Roundtable, September 19
  18. MFDF Continuing Regulatory Impacts on Fund Boards program, October 15
  19. 2024 MMI Annual Conference, Oct 15-17
  20. IMEA Philanthropic Day, October 22
  21. IMEA Leadership Summit, October 23
  22. IMEA Star Awards Celebration, October 23
  23. IMEA Marketing Summit, October 24
  24. 5th Annual ETFGI Global ETFs Insight Summit, October 29
  25. MFDF Director Discussion Series - Open Forum (Denver), November 6
  26. MFDF webinar - Digital Assets in the Fund Space (part 2 of 2), November 7




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use