WisdomTree: Prospects Dimmed By Hormuz Crisis Reigniting

WisdomTree, Inc. trades at a 17x PE, well above the industry average of 10x, with no exceptional basis for this premium. YoY AUM growth has been supported by equities, FI, and bullion, and this year an alright equity, FI performance with bullion is being offset by energy bets. However, correlation between FI and equities is likely back on inflation, and other than energy within commodities, prospects are dimmed by the ongoing Iran War. While acquisitions were done at reasonable multiples, and it's a fine enough company, between headwinds and valuation, we aren't immediately compelled.

WisdomTree, Inc. (WT) has made a couple of acquisitions that have added a few billion in AUM in more exotic strategies, paying what appear to be normal multiples (around 5% for This article was written by Valkyrie Trading Society.