PLANADVISER - January/February 2018 - 11

investment focus
BlackRock Tops 2017 ETF Flows
The firm garners $203.2 million
W
these
hen it came to flows into
exchange-traded funds (ETFs)
last year, BlackRock and
The Vanguard Group were the two
winners, with
BlackRock
receiving
$203.2 million in ETF flows throughout
the year and Vanguard, $138.2 million.
It stands to reason, then, that
the top 10 individual ETFs with the
greatest
inflows are all products of
companies, with BlackRock's
iShares Core S&P [Standard & Poor's]
500 ETF taking in the most ($30.2
million), followed by its iShares Core
MSCI EAFE ETF ($21.6 million) and the
Vanguard Developed Markets Index
Fund ($17.4 million).
The industry is growing
more top-heavy, with
nearly all of the flows
surging to the largest
managers.
In line with these developments,
BlackRock and Vanguard were also
the two leading firms in terms of total
ETF assets under management (AUM);
however, BlackRock had nearly twice
the assets that Vanguard did-$1.337
billion vs. $855 million.
The data additionally show that the
industry is growing more top-heavy,
with nearly all of the flows surging to
the largest managers. For example,
the top four ETF managers-BlackRock,
Vanguard, State Street Global
and Schwab-had a combined $396.4
million of inflows to their ETFs last
year, or 89.3% of the $443.8 million
flowing to the top 20 managers.
After Schwab's $26.0 million of
inflows, the figures drop precipitously,
with $8.7 million going to First Trust
Advisers, which ranked fifth. Invesco
Power Shares, sixth on the list, received
$6.1 million. -Lee Barney
Managers With Highest ETF Inflows in 2017
Total Assets ($mm) Net New Flows ($mm)
BlackRock
The Vanguard Group
State Street Global
Schwab
First Trust Advisors
InvescoPowerShares
Global X Management
Goldman Sachs
Fidelity
Northern Trust
Exchange Traded Concepts
PIMCO LLC
ALPS Advisors Inc.
Janus
Guggenheim Funds Investment Advisors
Van Eck
ProFunds
Principal Funds
JPMorgan Funds
IndexIQ Advisors
$1,337,135
$855,086
$622,116
$99,081
$53,673
$138,744
$8,622
$6,548
$8,829
$16,061
$4,883
$14,856
$14,581
$4,411
$13,119
$34,325
$29,125
$2,179
$2,872
$3,560
$203,156
$138,174
$29,079
$25,969
$8,666
$6,053
$4,036
$2,770
$2,468
$2,350
$2,041
$1,900
$1,887
$1,854
$1,624
$1,613
$1,576
$1,499
$1,484
$1,110
ETFs With Highest Inflows in 2017
Total Assets ($mm) Net New Flows ($mm)
$141,448
$42,255
$68,406
$42,785
$83,640
$84,796
$53,013
$39,076
$66,700
$18,683
iShares Core S&P 500 ETF
iShares Core MSCI EAFE ETF
Vanguard Developed Markets Index Fund
iShares Core MSCI Emerging Markets ETF
Vanguard 500 Index Fund
iShares MSCI EAFE ETF
iShares Core U.S. Aggregate Bond ETF
iShares iBoxx $ Invstmt Grd Corp Bd ETF
Vanguard Emerging Markets Stock Index Fund
Vanguard Intermediate Corporate Bond-ETF
Source: Strategic Insight
$30,184
$21,639
$17,362
$16,576
$14,404
$11,197
$10,976
$10,850
$9,267
$8,129
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