The exchange traded fund (ETF) industry is growing rapidly and becoming more popular with investors of all types. So it stands to reason that the world’s largest provider, iShares, has hit two milestones underscoring this point.
Milestone 1: iShares is celebrating its 10-year anniversary this year. The company was founded in 2000 and has grown to be a leading fund family. The provider has ETFs covering many asset classes, sectors and global regions, from core offerings, such as its S&P 500 fund to its popular line of single-country ETFs. [Check out March’s ETF industry totals.]
Milesstone 2: As of March 31, iShares surpassed the $500 billion in assets mark – $509 billion, to be exact. iShares now accounts for more than half of the industry’s total assets under management. At the end of March, the U.S. ETF industry had $819.8 billion in assets. For more stories about assets, visit our ETF performance reports category.
iShares’ largest ETFs are:
- iShares MSCI EAFE (NYSEArca: EFA): $35.7 billion AUM; tracks the MSCI EAFE Index, which is made up of stocks in European, Australian and Far Eastern markets
- iShares MSCI Emerging Markets (NYSEArca: EMM): $36.3 billion AUM; tracks the MSCI Emerging Markets Index
- iShares S&P 500 (NYSEArca: IVV): $22 billion AUM; tracks the S&P 500
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.