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Rating:Vanguard ETFs Continue to Outsell iShares and SSgA Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, December 08, 2011

Vanguard ETFs Continue to Outsell iShares and SSgA

News summary by MFWire's editors

The latest numbers out of the National Stock Exchange show that Vanguard [profile] is continuing to dominate ETF sales in 2011 and the market's reaction to the ongoing crisis in Europe's financial markets crisis did little to change that in November, reports Chris Flood of the Financial Times.

Among the top ETF providers, Vanguard recorded $5.5 billion inflows. Meanwhile, State Street Global Advisors [profile] saw a net $5.1 billion in outflows and market leader iShares [profile] had net outflows of $1.6 billion. This year, the total ETF assets started at $1,008.7 billion and went up by 5.4 percent at $1,063.6 billion by November.

So far this year Vanguard is taking in more new ETF assets than iShares and SSgA combined ($35.8 billion to $21.1 billion and $8.4 billion, respectively).

Overall, numbers from November showed that investors pulled a net $7 billion from domestic equity ETFs. Domestic equity-focused ETFs had pulled in $15 billion in October.

Still, the loss for U.S. equity-focused ETFs did not necessarily mean that investors fled ETFs altogether: fixed income ETFs and gold ETFs both saw strong net flows and all ETFs saw outflows of just $238 million. October net flows reached $23.9 billion.

Bond ETFs flows hit $5 billion, up from $4.3 billion in October. One Gold ETF -- the SPDR Gold Trust -- took in a net $3.1 billion in November. 

Correction: An earlier version mistakenly reported that SSgA and iShares saw inflows to their ETFs. Both firms saw outflows in November.

Edited by: HFD

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