Wisdom Tree Investments’ Chief Executive Officer, Jonathan Steinberg told Yahoo! Finance that exchange traded funds (ETFs) have “trillions” of advantages and assets to bring around. To date, there are several investors who found out that money can be made through ETFs. Many of them confirmed that there is more money in ETF than in the companies presenting different products.
WisdomTree placed 7th as the largest issuer of ETF in United States last March 2012. About $16 billion assets were under management. Based on Morningstar, the company arrived at 5th place in terms of net inflows for the year’s first quarter. It earned $2.3 billion which came from WisdomTree Emerging Markets Equity Income Fund.
The company also gathered $1.1 million net income and $19 million revenue. The results were collected from WidsomTree’s $16 billion AUM.
Moreover, Charles Schwab, a Brokerage giant, kept a firm progress with its ETF franchise. On the previous year, it had $4 billion. Now, it expanded to $7 billion.
StateStreet and BlackRock (iShares’ owner) are the two biggest managers of ETF, as of the moment. The Vanguard Group follows them. Invesco’s Powershares comes in 4th and Van Eck Global completes the top 5 biggest ETF holders.
On the other hand, ETF assets of United States concluded at $1.2 trillion in March 2012, based on the report of Morningstar. The country’s conventional mutual funds reached $8.7 trillion. Inflows of net income to ETF products fell at $57 billion while traditional funds held up $107 billion. On the previous year, international stock mutual funds together with United States let go $129 billion. $81 billion was added to ETFs, at the same time.