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Friday, July 31, 2009|
WisdomTree Narrows its Q2 Loss
WisdomTree booked a second quarter net loss of $5.2 million, compared with a net loss of $7.1 million in the year-ago quarter. Cost control was a driver behind the improvement, with expenses reduced nearly $4 million from Q2 2008 to $9.8 million.
Total assets under management weighed in at $3.7 billion at quarter's end, with net inflows into ETFs for the quarter totaling $281 million.
"WisdomTree had its best quarter of net inflows in three quarters, which coupled with positive market movement resulted in increased assets of nearly $1 billion from the first quarter," said CEO Jonathan Steinberg.
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