BlackRock retakes lead in ETF sales

BlackRock's (BLK +1.4%) iShares lineup took in an estimated $21.4B in net deposits in Q2, beating Vanguard's $18.2B, according to Bloomberg. IShares funds focusing on emerging markets brought home $8B, including $5.9B for the MSCI Emerging Markets ETF (EEM).

Before Q2, BlackRock - the ETF industry's largest ETF provider - had lost share to Vanguard for four of the previous five quarters.

State Street (STT +0.9%) had seen net redemptions in Q1, but was able to bring in $8.3B in Q2. The company is especially sensitive to flows in and out of the giant SPDR S&P 500 ETF Trust (SPY), which accounts for 40% of its U.S. ETF assets.

Invesco's PowerShares QQQ Trust (QQQ) saw heavy redemptions of $2.9B even as it returned 7.2%.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs