As of Jun 30, 2018, U.S. listed ETF AUM was $41.3 billion, down 4.3% year over year. The segment witnessed net outflows of $1.2 billion in the quarter compared to $0.6 billion inflows witnessed in prior-year quarter. International Business : The segment's total revenues came in at $21.7 million, increasing significantly from the prior-year figure of $2.5 million. The segment also recorded massive growth in its International listed ETP AUM of $18.6 billion as of Jun 30, 2018, compared to year-ago quarter AUM of $1.5 million. Balance Sheet WisdomTree had cash and cash equivalents of $70.7 million as of Jun 30, 2018, compared with $105.7 million as of Mar 31, 2018. Investments totaled $35.2 million at the end of the quarter. The company's stockholders' equity was $353.3 million compared with $201.6 million as of Mar 31, 2018. Our Viewpoint We remain optimistic about WisdomTree's performance in the future given its inorganic growth strategies.