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US ETFs have added $386.9bn of new money so far this year © Getty Images

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Vanguard led the US industry in ETF flows last month, lifted by strong sales for both stock and bond products.

The firm took in $24.2bn in August, nearly four times as much as iShares, its closest competitor, which attracted just $6.2bn, according to data from Morningstar.

Vanguard’s S&P 500 ETF logged the industry’s second-best flows, at $3.6bn, behind State Street Global Advisors’ Financial Select Sector SPDR ETF’s $3.8bn.

Three Vanguard bond ETFs came next: the Total Bond Market ETF, with $2.6bn; Short-Term Corporate Bond ETF, with $2.6bn; and Total Stock Market ETF, which ranked fifth, at $2.6bn.

This article was previously published by Ignites, a title owned by the FT Group.

iShares’ $6.2bn total for August was partly powered by its 7-10 Year Treasury Bond ETF, with $2.4bn in new cash, and Core S&P 500 ETF, with $2.3bn.

Charles Schwab had the third-best flows, with $3bn, followed by Dimensional Fund Advisors with $1.9bn; SSGA with $1.8bn; and First Trust, with $1.7bn.

Among the other top 10 providers, ProShares had $1.3bn in inflows; WisdomTree, $700mn; Invesco, $200mn; and JPMorgan Asset Management, $100mn.

Industry-wide, ETFs posted inflows of $43.8bn, slightly below their monthly average inflow so far this year.

Stock ETFs garnered $28.8bn, while bond ETFs added $14.5bn.

So far this year, US ETFs have added $386.9bn of new money.

*Ignites is a news service published by FT Specialist for professionals working in the asset management industry. It covers everything from new product launches to regulations and industry trends. Trials and subscriptions are available at ignites.com.

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