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Rating:Report: As ETF Launches Accelerate, Market Share Stays With the Big Two Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 23, 2007

Report: As ETF Launches Accelerate, Market Share Stays With the Big Two

Reported by Erin Kello

The ETF quarterly report for the second quarter of 2007, by Morgan Stanley Research, illustrates the continued concentration of market share in the industry and the acceleration of ETF launches.

As of June 30, 2007, the U.S. ETF industry as a whole had 542 ETFs, with almost $510 billion in assets. During Q2 2007, all 17 ETF providers together launched 72 funds and this is only accelerating. The number of newly launched ETFs for the fist six months of 2007 has already exceeded the number of ETFs launched in all of 2006.

In the first half of this year, BGI listed 17 new ETFs, SSgA listed 16 new ETFs, Vanguard listed five funds, and PowerShares added 10 ETFs to their repertoire.

ProShares, the number seven provider of ETFs, wins the title for most funds launched so far this year, adding 40 funds to their roster.

The top two ETF firms in terms of market share are far above all their competitors; BGI has a 58 percent market share, and SSgA has a 21 percent market share. Vanguard and PowerShares are still duking it out for 3rd place, currently Vanguard is ahead by a razor thin margin, with 6.6 percent market share. PowerShares has a 6.4 percent market share.  

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