Buoyed by investors flocking to currency hedged exchange traded funds, shares of WisdomTree (NasdaqGS: WETF), the fifth-largest U.S. ETF issuer, are up 43% this year.
That has elevated the company, the only publicly traded pure play ETF issuer, to a market value of almost $3.1 billion, enough to make it a mid-cap stock. As such, WisdomTree joined the S&P MidCap 400 Index last week, according to ETF.com.
WisdomTree will now be eligible for inclusion in ETFs such as the iShares Core S&P Mid-Cap ETF (NYSEArca: IJH) and SPDR S&P MidCap 400 ETF (NYSEArca: MDY), which both track the S&P MidCap 400 Index.
No ETF has added as many new assets this year than the $13.86 billion hauled in by the WisdomTree Europe Hedged Equity Fund (NYSEArca: HEDJ). HEDJ’s stablemate, the WisdomTree Japan Hedged Equity Fund (NYSEArca: DXJ), has seen inflows of $4.24 billion, making the sixth-best ETF this year on an asset-gathering basis.
New York-based WisdomTree topped $50 billion in assets under management in mid-March, a number that has swelled to nearly $62.8 billion as of June 11.