WisdomTree (WT, Financials) said that December 2024's assets under management dropped in its latest report.
As of December 31, the company's overall AUM was $109.8 billion, a $3.3 billion drop from the previous month brought on by market swings and net withdrawals, WisdomTree notes. Declining from $112.3 billion in November, the statement stated the average AUM for the month was $111.9 billion.
Net flows according to asset type produced conflicting findings. With net inflows of $543 million and an annualized growth rate of 17.3%, WisdomTree said U.S. equities products saw The business reports that products related to cryptocurrencies attracted $180 million in inflows, rising 118.7% month-over-month. Alternatives generated inflows of $26 million with an annualized growth rate of 60.8%, the statement said.
Reports of outflows came from other categories. Fixed income saw outflows of $376 million, a 21.6% annualized drop the business stated. The study shows that emerging market equity saw 39.0% annualized decline in outflows, $365 million. WisdomTree's report said that commodities and currency products saw $165 million in outflows, down 8.7% annually. The business said that total net flows for December were minus $214 million, which helped to explain a year-to-date net outflow of $347 million.
WisdomTree's release said that the blended average charge rate across its products was constant at 36 basis points. The study notes that market swings in December resulted in a $3.1 billion drop in AUM.
WisdomTree said it provides blockchain-enabled financial tools as well as exchange-traded products. The business emphasized WisdomTree Prime and WisdomTree Connect, two products meant to increase investor access and transparency. WisdomTree oversaw $110.8 billion in assets worldwide as of year-end 2024, the statement said.
