European ETF industry AUM achieved 4091% growth
over that period
WisdomTree, Inc. (NYSE: WT), a global financial innovator, today
announced its 10-year anniversary in Europe. Since establishing its
European presence in 2014, the company has experienced remarkable
growth and has become a trusted resource for investors across the
continent. Over the last decade, WisdomTree has grown in Europe to
more than $30 billion in assets under management (AUM) and over 100
employees, offering a multi-award-winning product range, including
core and thematic equities, crypto, commodity, short and leverage
and currency exchange-traded products (ETPs). The company also has
been named a UK Best Workplace by Great Place To Work® for five
straight years.
“For US asset managers, Europe is the gateway to the rest of the
world, and we knew that having a strong European business was the
key to helping us compete on the global stage. We are proud to be a
trusted partner to our European clients and strive every day to
help them meet their investment goals,” said Jonathan Steinberg,
Founder and CEO, WisdomTree. “The decision to launch in Europe 10
years ago was a great one, but a decade is just the beginning, and
we have no intention of slowing down. As the European and global
ETF market grows, so do our expectations and standards. We look
forward to another 10 years of success for WisdomTree and the ETF
industry.”
In addition to the 10-year milestone, the company released the
results of its survey of 817 professional investors across Europe,
responsible for approximately €4.4 trillion in AUM. The findings
show that ETF adoption will continue to grow in Europe over the
next ten years, with retail adoption and product innovation among
the key drivers2 of this growth.
European ETF industry AUM has grown to $2.1 trillion, a 409%3
increase since WisdomTree launched in Europe 10 years ago. The
survey reveals that nearly all (99%) professional investors
surveyed believe there will be ETF growth in Europe over the next
10 years. Survey respondents expect several factors to continue
driving ETF growth in Europe, with 25% of European professional
investors surveyed highlighting increased retail adoption and
innovative product development as key factors contributing to this
growth.
The survey also shows positive European ETF growth prospects in
the short term, with 46% of professional investors expecting to
increase their allocation to ETFs in the next twelve months.
However, there are still barriers to ETF adoption, as 26% say they
do not allocate (more) to ETFs due to a lack of knowledge about the
investment wrapper.
“The European ETF industry has gone from strength to strength
over the past decade, with AUM set to reach $4.5 trillion by 20304.
There are still educational hurdles to overcome, but the next 10
years could be even brighter than the last, with our research
pointing to many growth drivers,” said Alexis Marinof, Head of
WisdomTree Europe. “We believe that the retail opportunity is the
most exciting for the ETF industry, while professional investors
believe that innovative product development will be crucial too.
This has been our value proposition for clients since we launched
in Europe in 2014 and today, we have developed a truly
differentiated product offering that stands out in an increasingly
crowded and competitive market.”
Professional investors have a variety of use cases for ETFs
showcasing the flexibility and versatility of the wrapper, with
three in 10 (30%) using ETFs as core portfolio holdings. Due to
their essential role in portfolio construction, ETFs track popular
benchmarks like the S&P 500, where the bulk of assets are
allocated. However, investors also recognize the benefit of using
ETFs to access alternative asset classes such as commodities or
cryptocurrencies (35%) and thematic equities (27%). This use case
may explain why innovative product development is considered a key
driver of European ETF growth, with ETFs democratizing otherwise
difficult-to-access asset classes.
Active ETFs Unexpectedly, given the steady growth of
active ETFs in Europe, survey respondents ranked active ETFs last
when asked about the key drivers for European ETF growth over the
next decade (23%). Despite this, preferring actively managed
strategies (32%) is the most frequently cited reason preventing
professional investors from allocating more to ETFs, suggesting
investors still associate ETFs with being passive vehicles.
The survey also revealed differences of opinion between
professional investors over how to define active ETFs. The majority
(61%) believe they involve portfolio managers picking stocks for
ETFs, either with full transparency (24%), semi-transparency (21%)
or no transparency (17%). Elsewhere, 18% of investors surveyed
believe an ETF tracking an index built with expert partners fits
their view of an active ETF.
Marinof added, “Most ETFs positioned as active are not aligned
with the high conviction, stock-picking definition that most
investors have for active ETFs and exhibit many similarities with
fundamentally weighted ETFs that have been around for decades.
WisdomTree was a pioneer in launching fundamentally weighted ETFs
and has continued in that vein. Ten years after the launch of our
first UCITS ETF in Europe, investors are still looking for
innovative solutions to help them meet their investment objectives.
There is a wide range of ETFs with varying approaches available to
investors, with the majority tracking traditional benchmarks, but
our focus is – and will continue to be – on bringing differentiated
and value-added products to market.”
About WisdomTree WisdomTree is a global financial
innovator, offering a well-diversified suite of exchange-traded
products (ETPs), models, solutions and products leveraging
blockchain technology. We empower investors and consumers to shape
their future and support financial professionals to better serve
their clients and grow their businesses. WisdomTree is leveraging
the latest financial infrastructure to create products that provide
access, transparency and an enhanced user experience. Building on
our heritage of innovation, we are also developing and have
launched next-generation digital products, services and structures,
including digital or blockchain-enabled mutual funds and tokenized
assets, as well as our blockchain-native digital wallet, WisdomTree
Prime® and institutional platform, WisdomTree Connect™.*
*The WisdomTree Prime digital wallet and digital asset services
and WisdomTree Connect institutional platform are made available
through WisdomTree Digital Movement, Inc., a federally registered
money services business, state-licensed money transmitter and
financial technology company (NMLS ID: 2372500) or WisdomTree
Digital Trust Company, LLC, in select U.S. jurisdictions and may be
limited where prohibited by law. WisdomTree Digital Trust Company,
LLC is chartered as a limited purpose trust company by the New York
State Department of Financial Services to engage in virtual
currency business. Visit https://www.wisdomtreeprime.com, or the
WisdomTree Prime mobile app or https://www.wisdomtreeconnect.com
for more information.
WisdomTree currently has approximately $112.9 billion in assets
under management globally.
For more information about WisdomTree, WisdomTree Connect and
WisdomTree Prime, visit: https://www.wisdomtree.com.
Please visit us on X at @WisdomTreeNews.
WisdomTree® is the marketing name for WisdomTree, Inc. and its
subsidiaries worldwide.
PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE PRIME:
NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT |
MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT
AGENCY
The products and services available through the WisdomTree Prime
app and WisdomTree Connect are not endorsed, indemnified or
guaranteed by any regulatory agency.
Cautionary Statement Regarding Forward-Looking
Statements
This press release may contain a number of “forward-looking
statements” as defined in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements include, but are not
limited to, statements about our ability to achieve our financial
and business plans, goals and objectives and drive stockholder
value, including with respect to our ability to successfully
implement our strategy relating to WisdomTree Prime® and WisdomTree
Connect™, our ability to continue to make achievements in AUM,
levels of net inflows, the growth of our European business and
other risk factors discussed from time to time in WisdomTree’s
filings with the Securities and Exchange Commission (“SEC”),
including those factors discussed under the caption “Risk Factors”
in our most recent annual report on Form 10-K, filed with the SEC
on February 23, 2024, and in subsequent reports filed with or
furnished to the SEC. These forward-looking statements are based on
WisdomTree’s management’s current expectations, estimates,
projections and beliefs, as well as a number of assumptions
concerning future events. These forward-looking statements are not
guarantees of future performance, conditions or results, and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
WisdomTree’s management’s control, that could cause actual results
to differ materially from the results discussed in the
forward-looking statements. Forward-looking statements included in
this release speak only as of the date of this release. WisdomTree
does not undertake any obligation to update its forward-looking
statements to reflect events or circumstances after the date of
this release except as may be required by the federal securities
laws.
Category: Business Update
1 Source : Bloomberg as of 30 September 2024 2 Source:
Censuswide, WisdomTree Pan-Europe Professional Investor Survey
Research, Survey of 817 professional investors across Europe,
conducted between June and July 2024 3 Source : Bloomberg as of 30
September 2024 4 EY European ETF market forecast, March 2024
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241024031480/en/
Media Relations WisdomTree, Inc. Natasha Ramsammy
+1.917.267.3798 nramsammy@wisdomtree.com /
wisdomtree@fullyvested.com
Investor Relations WisdomTree, Inc. Jeremy Campbell
+1.917.267.3859 jeremy.campbell@wisdomtree.com
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