Vanguard, BlackRock Gain Most New ETF Business, JPMorgan on the Rise

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Vanguard surged ahead of BlackRock (NYSE:BLK) in the 2020 battle among exchange-traded fund providers to gain new business, attracting ETF inflows of $90.4 billion in the first half of the year, 105% higher than the same period last year, the Financial Times reported over the weekend, citing London-based consultancy ETFGI.

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BlackRock saw ETF inflows of $60.4 billion in the same time, 5.3% lower on the same period last year.

Some rival big firms had tough half years, including Invesco (NYSE:IVZ), where ETF inflows crashed 61% to $4.9 billion, and Charles Schwab (NYSE:SCHW) where new ETF business also fell 61% to $4.7 billion. WisdomTree (NASDAQ:WETF) registered net outflows of $600 million in the first half.

JPMorgan (NYSE:JPM), a relative newcomer to the ETF industry, entering in 2017, saw momentum build with inflows up 28.5% to $8.8 billion between January and June.

Despite the massive inflows, global ETF assets (funds and products) are down 1.4% this year, totaling $6.3 trillion at the end of June.

Gold ETFs were among the most attractive to investors who poured $40 billion into metal-centric exchange-traded funds, topping the full-year record of $23 billion posted in 2016. North American-based gold ETFs took in 80% of those flows.

The post Vanguard, BlackRock Gain Most New ETF Business, JPMorgan on the Rise appeared first on InvestorPlace.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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