FYI: The exchange-traded fund (ETF) industry saw one of its largest monthly gains in November, with data compiled by ETF.com showing that U.S.-listed ETFs witnessed $42 billion in net inflows for the month. [1] The strong performance for the extremely popular investment channel helped asset managers rake in more than $192 billion in net new money across their ETF offerings for the eleven-month period this year – comfortably surpassing the $188 billion record figure for full-year 2013. U.S.-listed ETFs are just shy of $2 trillion in total assets – a threshold they are very likely to cross by the end of the year thanks to the record run for the equity market over recent weeks.
,BlackRock (NYSE:BLK) gained the most over the year, with the financial institution capitalizing on its position as the world’s largest asset manager as well as world’s largest ETF provider to report net inflows of $71.4 billion in the U.S. and almost $90 billion worldwide. [2] Vanguard, which saw an exceptionally strong start to the year (see Vanguard Trumps BlackRock, State Street To Record Highest ETF Inflows In Q1), comes in a close second with $63.5 billion in U.S. inflows and $75 billion in global inflows. This has brought Vanguard within striking distance of State Street (NYSE:STT) for the position of the second largest U.S.-listed ETF provider.
Regards,
Ted
http://www.trefis.com/stock/blk/articles/271067/blackrock-continues-to-make-the-most-of-the-etf-growth-story/2014-12-19
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