Vanguard wins ETF flow war as State Street slips further behind

themickey · Dec 25, 2020

Bloomberg
SAT, DEC 26, 2020 - 8:45 AM
[NEW YORK] There's a new champion in the battle for bragging rights atop the US$5.3 trillion exchange-traded fund (ETF) industry, while a familiar laggard is seeing its slice of the US market shrink toward a record low.

Vanguard Group is on track to beat BlackRock in attracting ETF flows for the first time since 2013, with a record of US$194 billion so far in 2020, according to data compiled by Bloomberg.

The world's largest asset manager lured US$113 billion, while State Street Corp was a distant third place, with US$32 billion. The Boston-based firm's market share is poised to drop for a fifth straight year after a US$29 billion exodus from its crown jewel - the US$324 billion SPDR S&P 500 ETF Trust (ticker SPY).

More......
https://www.businesstimes.com.sg/ba...flow-war-as-state-street-slips-further-behind

murray t turtle · Dec 27, 2020

themickey said:
Bloomberg
SAT, DEC 26, 2020 - 8:45 AM
[NEW YORK] There's a new champion in the battle for bragging rights atop the US$5.3 trillion exchange-traded fund (ETF) industry, while a familiar laggard is seeing its slice of the US market shrink toward a record low.

Vanguard Group is on track to beat BlackRock in attracting ETF flows for the first time since 2013, with a record of US$194 billion so far in 2020, according to data compiled by Bloomberg.

The world's largest asset manager lured US$113 billion, while State Street Corp was a distant third place, with US$32 billion. The Boston-based firm's market share is poised to drop for a fifth straight year after a US$29 billion exodus from its crown jewel - the US$324 billion SPDR S&P 500 ETF Trust (ticker SPY).

More......
https://www.businesstimes.com.sg/ba...flow-war-as-state-street-slips-further-behind

%%
OK;
+ why does SPY[ liquidity leader] still do so much better volume than VOO. That link goes to JPM

themickey · Dec 27, 2020

murray t turtle said:
%%
OK;
+ why does SPY[ liquidity leader] still do so much better volume than VOO. That link goes to JPM

According to this chart, no difference.
The SPY price slightly higher but % moves identical.

murray t turtle · Dec 27, 2020

themickey said:
According to this chart, no difference.
The SPY price slightly higher but % moves identical.
View attachment 247436

%%
TRUE;
but my point was SPY [liquidity leader], has so much better volume [many millions better].
Interesting, your JPM link is ''governed by the laws of Singapore''

themickey · Dec 27, 2020

murray t turtle said:
%%
TRUE;
but my point was SPY [liquidity leader], has so much better volume [many millions better].
Interesting, your JPM link is ''governed by the laws of Singapore''

Bloomberg article, sometimes I go to alternatve sources as its easier to copy & paste.