MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
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. Printed from: MFWire.com/story.asp?s=22221 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |