Press Release: WisdomTree Announces Fourth Quarter 2022 Results -- Record Quarter-End AUM of $82.0 Billion; Full Year Inflow Rate of 16% Across All Products

Dow Jones
2023-02-03

Our business is subject to many risks and uncertainties, including without limitation:

   -- adverse market developments arising from the COVID-19 pandemic could 
      negatively impact our assets under management, resulting in a decline in 
      our revenues and other potential operational challenges; 
 
   -- declining prices of securities, gold and other precious metals and other 
      commodities and changes in interest rates and general market conditions 
      can adversely affect our business by reducing the market value of the 
      assets we manage or causing WisdomTree ETP investors to sell their fund 
      shares and trigger redemptions; 
 
   -- fluctuations in the amount and mix of our AUM, whether caused by 
      disruptions in the financial markets or otherwise, including but not 
      limited to a pandemic event such as COVID-19, or the war in Ukraine, may 
      negatively impact revenues and operating margins, and may impede our 
      ability to refinance our debt upon maturity or, increase the cost of 
      borrowing upon a refinancing; 
 
   -- competitive pressures could reduce revenues and profit margins; 
 
   -- we derive a substantial portion of our revenues from a limited number of 
      products, and as a result, our operating results are particularly exposed 
      to investor sentiment toward investing in the products' strategies and 
      our ability to maintain the AUM of these products, as well as the 
      performance of these products and market-specific and political and 
      economic risk; 
 
   -- a significant portion of our AUM is held in products with exposure to 
      U.S. and international developed markets and we therefore have exposure 
      to domestic and foreign market conditions and are subject to currency 
      exchange rate risks; 
 
   -- withdrawals or broad changes in investments in our ETPs by investors with 
      significant positions may negatively impact revenues and operating 
      margins; 
 
   -- over the last few years, we have expanded our business internationally. 
      This expansion subjects us to increased operational, regulatory, 
      financial and other risks; 
 
   -- many of our ETPs have a limited track record, and poor investment 
      performance could cause our revenues to decline; 
 
   -- we depend on third parties to provide many critical services to operate 
      our business and our ETPs. The failure of key vendors to adequately 
      provide such services could materially affect our operating business and 
      harm WisdomTree ETP investors; and 
 
   -- actions of activist stockholders against us have been costly and may be 
      disruptive and cause uncertainty about the strategic direction of our 
      business. 

Other factors, such as general economic conditions, including currency exchange rate fluctuations, also may have an effect on the results of our operations. For a more complete description of the risks noted above and other risks that could cause our actual results to differ from our current expectations, see "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2021, as amended, and our Quarterly Report on Form 10-Q for the quarter ended June 30, 2022.

The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments may cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. Therefore, these forward-looking statements do not represent our views as of any date other than the date of this press release.

Category: Business Update

View source version on businesswire.com: https://www.businesswire.com/news/home/20230203005015/en/

 
    CONTACT:    Investor Relations 

Jeremy Campbell

+1.646.522.2602

Jeremy.campbell@wisdomtree.com

Media Relations

Jessica Zaloom

+1.917.267.3735

jzaloom@wisdomtree.com

 
 

(END) Dow Jones Newswires

February 03, 2023 07:00 ET (12:00 GMT)

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