Wisdom Tree to expend into Europe through investment in Boost WisdomTree announced it will expand into Europe through a majority investment in U.K. based ETP provider Boost. WisdomTree will invest $20M in working capital to fund the build-out of a local European platform and operations. Through this platform, WisdomTree intends to launch a select range of UCITS ETFs under the WisdomTree brand and continue to manage and grow the Boost lineup of short and leveraged fully collateralized ETPs under the Boost brand.
WisdomTree upgraded to Buy from Neutral at Goldman Goldman upgraded WisdomTree to Buy given strong organic near-term growth from key product offerings, a strong U.S. dollar and QE in Europe and Japan, competitive positioning that supports M&A premium, and continued secular demand for SmartBeta ETFs. Price target raised to $18 from $15.