WisdomTree Investments (WETF), the fifth-largest U.S. issuer of exchange traded funds, said today that it now has 10 ETFs with at least $1 billion in assets under management.
The WisdomTree India Earnings Fund (EPI) , the largest India ETF, is the newest member of WisdomTree’s $1 billion club. India ETFs are trading lower Monday, but funds such as EPI benefited leading up to and following the country’s recent national election. Investors have poured more than $180 million into EPI since the start of the second quarter. [After Election, Will Investors Return to India ETFs?]
With almost $10.5 billion in assets under management, the WisdomTree Japan Hedged Equity Fund (DXJ) is New Yokr-based WisdomTree’s largest ETF.
Including EPI, three WisdomTree emerging markets ETFs combine for $6.9 billion in assets under management. The other two ETFs are the WisdomTree Emerging Markets Equity Income Fund (DEM) and the WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) .
“Our ten largest ETFs tell an important story: when you look at our breakdown of AUM by region, we are building a strong and increasingly balanced business,” said WisdomTree CEO and President Jonathan Steinberg in a statement.
WisdomTree is also one of the largest issuer of U.S.-focused dividend ETFs with eight such products. Four – the WisdomTree LargeCap Dividend Fund (DLN) , WisdomTree MidCap Dividend Fund (DON) , WisdomTree SmallCap Dividend Fund (DES) and the WisdomTree Dividend ex-Financials Fund (DTN) – combine for $4.9 billion in assets, according to the statement.
WisdomTree’s AUM total has also benefited from resurgent European equities as the WisdomTree Europe SmallCap Dividend Fund (DFE) and the WisdomTree Europe Hedged Equity Fund (HEDJ) combine for $2.9 billion in assets. Both ETFs topped $1 billion in assets earlier this year. [Small-Cap Europe ETF Reaches $1B in AUM]
Other WisdomTree ETFs that could be the next to enter the $1 billion club include the $850 million actively managed WisdomTree Emerging Markets Local Debt Fund (ELD) and the $846.4 million WisdomTree Equity Income Fund (DHS) .
Overall, the firm has almost $34 billion in AUM across nearly 70 ETFs. The company is the only publicly traded pure play ETF sponsor. Shares of WisdomTree are up nearly 1% today on more than double the average daily volume.
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of DEM, DTN and HEDJ.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.
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