MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, November 2, 2012 ETF Flows Show Cheaper Funds Winning Market Share The ETF price war already seems to be having an impact on flows. In October, the iShares Core S&P 500 was the most popular ETF, gathering over $2 billion, according to the Index Universe ETF flows report. Last month, BlackRock dropped the management fee on the fund from 9 to 7 basis points. October was a good month for the ETF giants. Five of the ten most popular ETFs in October were iShares funds. In total, iShares netted $7.77 billion, while Vanguard pulled in $3.28 billion, the second most. State Street, the second largest ETF sponsor, was an exception. Investors pulled $9.3 billion from SPDR ETFs last month, with the SPRD S&P 500 fund losing nearly $7.2 billion. The Invesco PowerShares line also lost $1.2 billion in AUM on the month. Much more detail in the full flows report. Printed from: MFWire.com/story.asp?s=41890 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |