Wilma Burden

Wilma Burden asked if macroeconomic volatility generally benefits WisdomTree's diversified business or if it's more dependent on specific themes like gold and commodities. She also inquired if WisdomTree's digital asset growth strategy focuses on educating new users or capturing existing on-chain clients, and whether new product development primarily uses internal expertise or external talent.

Answer

Jeremy Schwartz (Global Chief Investment Officer) emphasized WisdomTree's broad diversification across asset classes and themes, positioning it well for various market environments and macro uncertainty. Jonathan Steinberg (CEO) reiterated the firm's resilience. Will Peck (Head of Digital Assets) stated the focus is on capturing clients already operating on-chain, as this universe is rapidly growing due to regulatory clarity and wallet adoption. Jonathan Steinberg explained that new product development largely leverages existing internal talent and expertise, benefiting from the business's scalability, though some strategic investments in external firms like Quorus and AlphaBeta are also made.