UPDATE: Goldman Sachs Removes WisdomTree Investments from Americas Conviction Buy List

In a report published by Goldman Sachs, analyst removed WisdomTree Investments

from Americas conviction buy list and maintained its 12-month $11.50 price target. Goldman Sachs reported that, “We remove WETF from the Americas Conviction List, but retain our Buy rating. We are still constructive on WETF's flow and margin expansion story, supported by robust weekly flow reports. The market now prices in more of the potential strong growth ahead for the firm as estimates have come up (2013 consensus EPS is now at the “bull” case laid out in our upgrade note) and the stock has outperformed. Since being added to the Conviction Buy List on October 5, 2012, WETF is up 57% vs. the S&P 500 up 7% and Asset Managers under coverage up 26%, on average. Over the past 12 months, WETF is up 35% vs. the S&P 500 up 11% and Asset Managers up 22%.” Shares of WisdomTree Investments close at $10.82 on Wednesday