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Shares of WisdomTree Investments, Inc. (NASDAQ: WETF) are down about 10% as of 2:30 p.m. EST as investors show their disappointment with the company’s fourth-quarter earnings and outlook for 2017.
WisdomTree’s largest and most successful products endured a challenging year in 2016. Its hedged equity ETFs, which make up the largest portion of its assets under management, saw their assets decline to $18.8 billion at the end of 2016, down from $33.3 billion at the end of 2015.