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Vanguard led the US business in ETF flows final month, lifted by sturdy gross sales for each inventory and bond merchandise.
The agency took in $24.2bn in August, almost 4 occasions as a lot as iShares, its closest competitor, which attracted simply $6.2bn, in line with information from Morningstar.
Vanguard’s S&P 500 ETF logged the business’s second-best flows, at $3.6bn, behind State Street Global Advisors’ Financial Select Sector SPDR ETF’s $3.8bn.
Three Vanguard bond ETFs got here subsequent: 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 beforehand revealed by Ignites, a title owned by the FT Group.
iShares’ $6.2bn complete for August was partly powered by its 7-10 Year Treasury Bond ETF, with $2.4bn in new money, and Core S&P 500 ETF, with $2.3bn.
Charles Schwab had the third-best flows, with $3bn, adopted by Dimensional Fund Advisors with $1.9bn; SSGA with $1.8bn; and First Trust, with $1.7bn.
Among the opposite high 10 suppliers, ProShares had $1.3bn in inflows; WisdomTree, $700mn; Invesco, $200mn; and JPMorgan Asset Management, $100mn.
Industry-wide, ETFs posted inflows of $43.8bn, barely beneath their month-to-month common influx to this point this yr.
Stock ETFs garnered $28.8bn, whereas bond ETFs added $14.5bn.
So far this yr, US ETFs have added $386.9bn of latest cash.
*Ignites is a information service revealed by FT Specialist for professionals working within the asset administration business. It covers every part from new product launches to rules and business tendencies. Trials and subscriptions can be found at ignites.com.
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