WisdomTree Investments
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| Public | |
| Traded as | |
| Industry | Investment Management |
| Founded | 2006 |
| Headquarters | New York, New York, U.S. |
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Key people
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Jonathan Steinberg, CEO and President |
| Products | 92 Exchange-Traded Funds (ETFs) |
| AUM | Global $44.6 billion (December 8, 2015) |
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Number of employees
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177(October 31, 2015) |
| Subsidiaries | Boost ETP |
| Website | (http://www.wisdomtree.com) |
WisdomTree Investments, Inc. (NASDAQ: WETF) is a New York-based exchange-traded fund (“ETF”) and exchange-traded product ("ETP") sponsor and asset manager. WisdomTree launched its first ETFs in June 2006, and is currently the industry’s fifth largest ETF provider in the United States. WisdomTree sponsors 92 distinct ETFs that span asset classes and countries around the world. Categories include: U.S. and International Equity, Currency, Fixed Income and Alternatives. WisdomTree's largest ETF in terms of AUM is the WisdomTree Europe Hedged Equity Fund : HEDJ, which had over $20.39 billion on December 28, 2015. The ETFs invests in European equities but hedges out currency risks due to the changing exchange rates between the US Dollar and the euro. WisdomTree was one of the pioneers for the concept of fundamentally weighted ETFs and active ETFs and is currently an industry leader in both categories. WisdomTree is the only publicly traded asset manager exclusively focused on the ETP industry. WisdomTree manages approximately $44.5 billion in ETF assets under management, as of February 23, 2016.
The WisdomTree common stock is listed on the NASDAQ Global Select Market under the ticker: NASDAQ: WETF. In 2014, WisdomTree acquired a majority stake (75%) in London-based Boost ETP. WisdomTree will invest $20 million in Boost to give it working capital to build out its European business.
WisdomTree believes that its differentiated approach, employing a distinctive index-based methodology, delivers better risk adjusted returns over the long term. The company’s index-based funds employ a fundamental weighted investment methodology, which weights securities on the basis of factors such as dividends or earnings, whereas most other ETF indexes use a capitalization weighted methodology.
WisdomTree offers 14 different actively managed ETFs, which are ETFs that are not based on a particular index but rather are actively managed with complete transparency into the ETF’s portfolio on a daily basis. WisdomTree's exemptive relief enables the company to use its own indexes for certain ETFs, actively manage other ETFs and incorporate the use of derivatives in certain products, thereby allowing the company to develop certain ETFs not yet offered by other sponsors.
WisdomTree Investments, Inc. was incorporated by its Chief Executive Officer and founder, Jonathan Steinberg, in Delaware as Financial Data Systems, Inc., on September 19, 1985, but was inactive until October 1988 when it acquired the assets relating to what would become Individual Investor magazine, a monthly personal finance magazine.
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