WisdomTree (WETF): Improving Fund Flows Bode Well For Year End Performance - Jefferies

November 29, 2016 7:05 AM EST
Get Alerts WETF Hot Sheet
Price: $10.68 -0.47%

Rating Summary:
    7 Buy, 2 Hold, 5 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 29 | Down: 29 | New: 23
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Jefferies analyst, Surinder Thind, reiterated his Buy rating on shares of WisdomTree Investments (NASDAQ: WETF) highlighting that Net flows have been positive in 4 of the previous 5 days and appear to be on a favorable trajectory. The post-election re-emergence of the Japanese Yen carry trade is a strong tailwind for DXJ (Japan Hedged Equity), which has seen flows go from negative to positive. Demand for the US line-up of smart-beta dividend focused ETFs does not appear to have been impacted by expectations of a more reflationary environment in the US, as flows have only accelerated.

For every $1B of net new flows, we estimate EPS is positively impacted by roughly $0.015 and the analyst expects the company to Outperform into year end. No change to the price target of $12.

For an analyst ratings summary and ratings history on WisdomTree Investments click here. For more ratings news on WisdomTree Investments click here.

Shares of WisdomTree Investments closed at $10.80 yesterday.

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