There’s a lot of hype around the Floyd Mayweather-Conor McGregor fight this weekend. In the video above, Hedgeye Financials analyst Jonathan Casteleyn suggests the fight will be about as one-sided as another battle playing out right now in financial markets: BlackRock versus WisdomTree.
In response to a subscriber's question about competition between the two ETF providers, Casteleyn asks this simple question: Looking purely at the numbers below, who wins this battle for market share?
BlackRock (BLK):
- $70 billion market cap
- $4 billion in free cash flow on an annual basis
- 40% market share
WisdomTree (WETF):
- About $1 billion in equity value
- $50 million in free cash flow
- Less than 1% market share
We think it' s pretty clear who wins.
