WisdomTree, Inc. WT reported total assets under management (AUM) of $109.22 billion as of May 31, 2024. This reflected a 3.1% increase from the prior month level. The growth was primarily driven by total net inflows.
WT, in May, recorded inflows of $10 million, $429 million, $153 million, $303 million and $56 million from U.S. equity, international developed market equity, emerging market equity, fixed income and cryptocurrency, respectively.
These inflows were partially offset by outflows from commodity and currency, alternatives and leveraged & inverse of $330 million, $13 million and $29 million, respectively.
The company’s strong organic growth profile, along with a solid AUM balance, is likely to aid its top line in the near term. However, a challenging operating environment is a major near-term headwind, which might hurt its financials to some extent.
Over the past six months, WT shares have jumped 52.4% compared with 1.5% growth of the industry.
Image Source: Zacks Investment Research
Currently, WisdomTree carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Competitive Landscape
Franklin Resources, Inc. BEN reported a preliminary AUM of $1.64 trillion as of May 31, 2024. This reflected an increase of 2% from the prior month’s level.
The rise in BEN’s AUM balance was primarily attributable to the impact of positive market performance. The majority of the inflows, amounting to $583.9 billion, were witnessed in equity, partially offset by moderate long-term net outflows.
Similarly, Cohen & Steers, Inc. CNS reported a preliminary AUM of $80.5 billion as of May 31, 2024. This reflected growth of 4.3% from the prior month's level.
CNS’s AUM increase was mainly attributable to a market appreciation of $3.6 billion. This was partly offset by net outflows of $93 million and distributions of $150 million.
Top 5 Dividend Stocks for Your Retirement
Zacks targets 5 well-established companies with solid fundamentals and a history of raising dividends. More importantly, they have the resources and will to likely pay them in the future.
Click now for a Special Report packed with unconventional wisdom and insights you simply won’t get from your neighborhood financial planner.
See our Top 5 now – the report is FREE >>Franklin Resources, Inc. (BEN) : Free Stock Analysis Report
Cohen & Steers Inc (CNS) : Free Stock Analysis Report
WisdomTree, Inc. (WT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
