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WisdomTree Reports $919 Million Net Outflows in August
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WisdomTree Reports $919 Million Net Outflows in August
Sep 11, 2024 9:52 AM

09:02 AM EDT, 09/11/2024 (MT Newswires) -- WisdomTree ( WT ) reported Wednesday assets under management in August of $111.19 billion, which reflects net outflows of $919 million during the month.

The company said its inflows were offset by outflows in its Japan Hedged Equity Fund (DXJ) and European commodity products, linked to risk-off positioning.

WisdomTree's ( WT ) US equity products received $209 million in net inflows for August, while its cryptocurrency segment saw $164 million in net inflows, the company said.

The Japan Hedged Equity Fund posted a net outflow of $881 million, and commodity and currency products reported $519 million in outflows, it added.

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