- 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
BLACKROCK : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)at 4-traders.com (Mon, 12:15PM)
at CNBC.com (Thu, 12:12PM)
at Financial Times (Apr 12, 2015)
at CNBC.com (Apr 8, 2015)
at Zacks.com (Apr 7, 2015)
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