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

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

Rating:A $78B-AUM Firm Powers On a Thematic Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, March 4, 2022

A $78B-AUM Firm Powers On a Thematic Fund

Reported by Neil Anderson, Managing Editor

A $77.5-billion-AUM (as of December 31), publicly traded fund firm recently powered on another thematic, passively managed ETF, this time focused on "battery and energy storage solutions," or BESS for short.

Jonathan Laurence "Jono" Steinberg
WisdomTree Investments, Inc.
CEO
Last month, Jeremy Schwartz, global chief investment officer of WisdomTree Investments, Inc. [profile], unveiled the new WisdomTree Battery Value Chain and Innovation Fund (WBAT on the CBOE). WisdomTree is index provider for the fund, which is a series of the WisdomTree Trust and is designed to track the WisdomTree Battery Value Chain and Innovation Index (WTBAT).

The new fund, which comes with an expense ratio of 45 basis points, debuted on February 17 and had about $2 million in AUM as of yesterday. The launch comes two years after the WisdomTree team launched a similar offering, the WisdomTree Battery Solutions UCITS ETF (VOLT), on European exchanges; that UCITS ETF had grown to $541 million in AUM as of February 14.

Schwartz puts the launch of WBAT in the context of rising renewable energy demand boosting demand for electric vehicles and the batteries that power them.

WisdomTree Asset Management is WBAT's investment advisor, while Mellon Investments Corporation is the subadvisor. The fund is PMed by five members of Mellon's equity index strategies portfolio management team, including equity index portfolio management chief Marlene Walker-Smith and four vice presidents: David France, Todd Frysinger, Vlasta Sheremeta, and Michael Stoll.

The new fund's other service providers include: Ernst & Young, LLP as independent accounting firm; Foreside Fund Services, LLC as distributor; Morgan, Lewis & Bockius LLP as counsel; and State Street Bank and Trust Company as administrator, custodian, securities lending agent, and transfer agent. 

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: Q4Q3Q2Q1
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




©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