seeing the first net outflows in nearly 20 years, it has fared far better than its rivals, including the ETF market, Financial Times
' Chris Flood reported. Vanguard was the only one of the top five ETF managers to receive net inflows in June, according to Deborah Fuhr, magian partner at ETFGI, a consultancy that monitors industry trends. Meanwhile, Vanguard's main competitor, BlackRock's[profile]
, experienced net withdrawals of $7.9 billion last month.
Vanguard's ETF business has inflows of $28.8 billion in 2013 so far, down 1.6 percent during the same period a year ago. In comparison, BlackRock's iShares gathered $23 billion in the first six months of the year, down 9.7 percent in the same period last year, according to the EFTGI data. Vanguard is also beginning to compete with BlackRock in the European ETF realm. Vanguard is now the third fastest growing provider in Europe so far this year, Flood wrote.
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