PLANADVISER - May/June 2019 - 8

investment focus
A Precipitous Drop in ETF Flows
BlackRock and Vanguard ETFs still lead, but mutual funds eclipse them
F
lows into exchange-traded funds
(ETFs) in the trailing 12 months
ending March 31 were largely a
movement to the two giants, BlackRock
and The Vanguard Group, which led in
terms of ETF assets under management
(AUM) overall. The former garnished
$125.7 billion and the latter, $81.7
billion, according to Strategic Insight,
an ISS company. Still, these flows are
far less than the $203.2 billion that
BlackRock attracted to its ETFs in 2017
and the $138.2 that Vanguard gained.
... flows to all
of the top 20
ETF managers
dropped off
significantly last
year and early
this year.
In fact, flows to all of the top 20 ETF
managers dropped off significantly
last year and early this year. Of those
ranked below Vanguard, ETF managers
suffered precipitous declines in
ETF flows during the same trailing
12 months, with $25.7 billion going to
Schwab, $17.1 to JPMorgan Funds, and
$7.1 billion to First Trust Advisors.
In total, the top 20 ETF managers
took in $283.9 billion worth of net
flows in the 12 months ended March
31, bringing their total assets up to
$2.8 trillion. By comparison, the top 20
mutual fund managers netted nearly
double that amount, $534.4 billion, in
those 12 months, boosting their assets
to $12.6 trillion.
Given that BlackRock and Vanguard
are behemoths, it should be no surprise
that the top 10 ETFs with the highest
inflows are all those companies' products.
-Lee Barney
Managers With Highest ETF Inflows for Trailing 12 Months
Total Assets ($mm)
1,493,468
966,203
134,738
20,986
71,728
11,805
3,909
3,128
BlackRock
The Vanguard Group
Schwab
JPMorgan Funds
First Tr Adv
Goldman Sachs
John Hancock Invst
Hartford Funds
PIMCO LLC
Pacer Advisors
OppenheimerFunds
DBX Advisors LLC
Fidelity
Janus
Factor Cap Mgmt
Franklin Templeton
Ark Investment
Krane Funds Adv
USAA
ProFunds
18,740
4,000
4,625
14,211
13,024
3,736
3,560
2,280
2,811
2,806
1,300
31,496
ETFs With Highest Inflows in Trailing 12 Months
Total Assets ($mm)
1,493,468
966,203
134,738
20,986
71,728
11,805
3,909
3,128
iShares†
Core S&P 500 ETF
Vanguard 500 Index
iShares Core MSCI Emg Mkts ETF
Vanguard Total Stock Mkt Index
iShares Core MSCI EAFE ETF
iShares 1-3 Year Treasury Bd ETF
Vanguard Value Index
iShares Edge MSCI MinVol USA ETF
iShares Sht Treasury Bond ETF
iShares Core S&P SmCp ETF
* The trailing 12 months through March 31, 2019. †
Source: Strategic Insight, an ISS company.
18,740
43,064
Net New Flows* ($mm)
125,733.7
81,741.5
25,657.8
17,062.7
7,139.4
4,394.0
2,588.3
2,498.7
2,472.5
1,990.7
1,990.5
1,977.0
1,761.5
1,481.3
1,096.7
1,080.5
1,078.0
1,018.7
587.0
538.5
Net New Flows* ($mm)
125,733.7
81,741.5
25,657.8
17,062.7
7,139.4
4,394.0
2,588.3
2,498.7
2,472.5
6,786.0
iShares are BlackRock products.
8 | planadviser.com May-June 2019
http://www.planadviserdigital.com/planadviser/may_june_2019/TrackLink.action?pageName=8&exitLink=http%3A%2F%2Fplanadviser.com
PLANADVISER - May/June 2019

Table of Contents for the Digital Edition of PLANADVISER - May/June 2019
