WisdomTree reports October global AUM $136B

WisdomTree (WT) released monthly metrics for October, including assets under management and flow data by asset class. Global AUM ended the month at approximately $136B, up 24% year-to-date despite recent flow headwinds. Nearly $2.3B of outflows in October mainly attributable to: $1.3B of outflows from fixed income, primarily from our floating rate treasury product, USFR, traceable to one institutional account. A portion of this outflow was re-allocated to higher fee WisdomTree products, largely mitigating the revenue impact of the fixed income outflows; $1.2B of outflows from our commodity products, primarily driven by profit taking in gold after a nearly 60% rise in spot gold prices year-to-date and year-to-date flows remain broad and diverse with net inflows in 6 of our 8 major product categories and in all three business lines.