William Blair Maintains Market Perform On WisdomTree Ahead Of Q214 Results

In a research note released yesterday, William Blair analyst Christopher Shutler maintained a Market Perform rating on WisdomTree Investments (WETF) amid 2Q14 expectations. No price target was assigned.

Shutler noted, “We maintain our Market Perform rating, mainly because of a lack of confidence in near-term flows and a dearth of immediate catalysts. Valuation is becoming less of an issue for us, but we also need to be convinced that better fundamentals are on the way before taking a more constructive view. We view the next potential catalysts as additional monetary stimulus from the Bank of Japan, which could drive DXJ flows, or interest rate increases by the Fed, which would likely help WisdomTree’s suite of interest-rate strategy funds”.

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