Home / Top News / WisdomTree Announces Fourth Quarter 2020 Results – Diluted Loss Per Share of ($0.10), or Earnings Per Share of $0.06, as adjusted
WisdomTree Announces Fourth Quarter 2020 Results – Diluted Loss Per Share of ($0.10), or Earnings Per Share of $0.06, as adjusted
NEW YORK, Jan. 29, 2021 (GLOBE NEWSWIRE) WisdomTree Investments, Inc. (NASDAQ: WETF) today reported financial results for the fourth quarter of 2020.
($13.5) million net loss ($9.2
1
$22.4 million of non-cash charges, associated with the revaluation of deferred consideration – gold payments.
$67.4 billion of ending AUM, an increase of 11.0% arising from market appreciation and net inflows.
$881 million of net inflows, driven by inflows into our emerging markets equity and U.S. equity products, partly offset by outflows from our fixed income, commodity, international developed market equity and leveraged & inverse products.
One of 2020 s shining examples has been the Renaissance Capital IPO ETF (IPO), up over 111% year to date, Old Mission s Harry Whitton said in a Wednesday interview. The fund has grown to over half a billion dollars this year. It s really exciting, said Whitton, his firm s head of ETF sales trading. I think everybody s tied onto the whole record of IPOs happening this year in December, over 400 new issues launched in the IPO space.
Renaissance Capital expects heavy hitters such as SpaceX and Instacart to debut next year, and with that, the IPO ETF s gains to keep adding up.
Another fund family that s likely to build on its 2020 success is that of Ark Invest, which has brought in over $15 billion in assets year to date, Whitton said.
It s about time.
While U.S. equities soared over the past decade, emerging market equivalents traded mostly sideways. Buoyed by a change of scenery at the White House, a weak dollar and attractive valuations, among other factors, there are tailwinds in place for developing world equities to flourish in the new year.
“An essential part of that potential mean-reversion, I believe, is the US dollar. For EM to outperform both cyclically and secularly we will need to see the dollar head lower,” writes Jurrien Timmer, Fidelity director macro in the firm s asset allocation division. “After all, for a US-based investor, currency risk is an important part of the mix if you’re invested in non-US markets.”
One of the asset classes generating plenty of buzz as a 2021 idea is emerging markets. Up 4.5% over the past month, the MSCI Emerging Markets Index is.
3 Emerging Markets ETFs For 2021 msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.