WisdomTree Inc. reported an 8.9% increase in assets under management in the second quarter, totaling $126.1 billion, with $10.3 billion gained. The rise was attributed to market gains and inflows in Europe-listed products, while U.S. assets grew 5.8% to $85.2 billion, mostly due to market increases.
The company’s global assets increased by $10.3 billion to $126.1 billion in the second quarter, with two-thirds of the gain attributed to market value increases and the rest to inflows. From the year-earlier period, global assets under management rose by 15%.
In the U.S., WisdomTree’s assets rose to $85.2 billion, driven by market increases, while inflows were slightly down. European assets grew by 15% to $40.5 billion, primarily due to market gains, representing a 35% increase from the previous year’s figure of $30 billion.
Despite record highs in U.S. equity markets, WisdomTree’s largest fund, the $18.8 billion WisdomTree Floating Rate Treasury Fund, saw inflows decrease to $184.8 million from $272.6 million last year. In the same quarter, the WisdomTree US Quality Dividend Growth Fund attracted $208.5 million, down from $277.4 million in the prior year.
WisdomTree announced its acquisition of Ceres Partners, a farmland manager managing $1.85 billion in assets, including 545 U.S. farmland properties in 12 states. Ceres has delivered a 10.3% net average annual total return since its inception in 2007.
Read more at Yahoo Finance: WisdomTree Q2 Assets Rise on European Flows and Gains