Each year, ETF Trends takes a look at the 10 biggest ETF issuers to analyze the growth of the ETF industry.
In the world of the exchange-traded fund ecosystem, the market seemingly begins and ends with the ETF issuer. Summarily, the issuer is responsible for the creation and administration of the ETF.
Looking more closely at its functions, the ETF issuer designs or obtains assistance with designing the index that will serve as the basis for the actual ETF. Once the shares of the ETF are distributed to the marketplace, the ETF issuer will also maintain the index and handle the general marketing of the fund.
In the U.S. there are currently 143 ETF issuers (up from 136 this time last year) who have a total 2,350 exchange-traded products (ETPs) in the capital markets that total $4.834 trillion in assets, according to XTF data. In 2019, the number of ETFs has increased by almost 5 percent – there have been 241 new funds launched while 132 existing funds have been delisted. ETF assets have risen 28.9%, an increase of $984.02 billion. Net inflows year-to-date stands at $305.53 billion.
Here is a list of the top 10 ETF issuers for 2019 based on market capitalization, as of Dec. 18, 2019. Data sourced from ETFdb’s Power Rankings table.
1. iShares — $1.69 trillion
2. Vanguard — $1.13 trillion
3. State Street SPDR — $706.1 billion
4. Invesco — $222.8 billion
5. Schwab — $159.61 billion
6. First Trust — $83.75 billion
7. VanEck — $41.46 billion
8. WisdomTree — $40.25 billion
9. ProShares — $33.77 billion
10. J.P. Morgan — $32.67 billion
For more market trends, visit ETF Trends.