AMWatch

Vanguard trounces Blackrock for ETF flows in volatile half

Vanguard Group’s U.S. exchange-traded funds attracted inflows of about USD 89bn in the first half, surging ahead of industry leader Blackrock Inc. in a volatile period.

Photo: Colourbox

BlackRock took in an estimated USD 38bn, according to Bloomberg Intelligence data, as market swings fueled by the coronavirus crisis spurred selling from the types of active traders who favor the iShares lineup. Vanguard’s dominance contrasts with the first half of 2019, when BlackRock led its main rival by about USD 1.9bn.

“Vanguard is more focused on these types of products which are designed to cater to long-term, buy-and-hold investors,” said Alex Bryan, director of passive strategies and research for North America at Morningstar Inc. Such customers “likely aren’t looking to make tactical adjustments based on what’s going on in the market,” he said.

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

Related articles

amwatch trial

Latest news

Jobs

See all

See all

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch