BlackRock Tops 2017 ETF Flows

The firm garners $203.2 million
Reported by Lee Barney

When it came to flows into exchange-traded funds (ETFs) last year, BlackRock and The Vanguard Group were the two winners, with BlackRock receiving $203.2 million in ETF flows throughout the year and Vanguard, $138.2 million.

It stands to reason, then, that the top 10 individual ETFs with the greatest inflows are all products of these companies, with BlackRock’s iShares Core S&P [Standard & Poor’s] 500 ETF taking in the most ($30.2 million), followed by its iShares Core MSCI EAFE ETF ($21.6 million) and the Vanguard Developed Markets Index Fund ($17.4 million).

In line with these developments, BlackRock and Vanguard were also the two leading firms in terms of total ETF assets under management (AUM); however, BlackRock had nearly twice the assets that Vanguard did—$1.337 billion vs. $855 million.

The data additionally show that the industry is growing more top-heavy, with nearly all of the flows surging to the largest managers. For example, the top four ETF managers—BlackRock, Vanguard, State Street Global and Schwab—had a combined $396.4 million of inflows to their ETFs last year, or 89.3% of the $443.8 million flowing to the top 20 managers.

After Schwab’s $26.0 million of inflows, the figures drop precipitously, with $8.7 million going to First Trust Advisers, which ranked fifth. Invesco Power Shares, sixth on the list, received $6.1 million.


Managers With Highest ETF Inflows in 2017

Total Assets ($mm) Net New Flows ($mm)
BlackRock $1,337,135 $203,156
The Vanguard Group $855,086 $138,174
State Street Global $622,116 $29,079
Schwab $99,081 $25,969
First Tr Adv $53,673 $8,666
InvescoPowerShares $138,744 $6,053
Global X Management $8,622 $4,036
Goldman Sachs $6,548 $2,770
Fidelity $8,829 $2,468
Northern Trust $16,061 $2,350
Exchange Traded Concepts $4,883 $2,041
PIMCO LLC $14,856 $1,900
ALPS Advisors Inc $14,581 $1,887
Janus $4,411 $1,854
Guggenheim Funds Investment Advisors $13,119 $1,624
Van Eck $34,325 $1,613
ProFunds $29,125 $1,576
Principal Funds $2,179 $1,499
JPMorgan Funds $2,872 $1,484
IndexIQ Advisors $3,560 $1,110
Source: Strategic Insight

ETFs With Highest Inflows in 2017

Total Assets ($mm) Net New Flows ($mm)
iShares Core S&P 500 ETF $141,448 $30,184
iShares Core MSCI EAFE ETF $42,255 $21,639
Vanguard Developed Markets Index Fund $68,406 $17,362
iShares Core MSCI Emerging Markets ETF $42,785 $16,576
Vanguard 500 Index Fund $83,640 $14,404
iShares MSCI EAFE ETF $84,796 $11,197
iShares Core U.S. Aggregate Bond ETF $53,013 $10,976
iShares iBoxx $ Invstmt Grd Corp Bd ETF $39,076 $10,850
Vanguard Emerging Markets Stock Index Fund $66,700 $9,267
Vanguard Intermediate Corporate Bond-ETF $18,683 $8,129
Source: Strategic Insight
Tags
ETFs, exchange traded funds, fund flows,
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