With close to 1,000 products on the market and hundreds more waiting in the wings, the exchange traded fund (ETF) industry is a fiercely competitive one. Who’s leading the pack, and who’s up-and-coming quickly?
Matt Hougan over at Index Universe recently took an interesting look at the industry to see who the biggest players were and who’s gaining steam. Below are some of his findings. [ETF 101: What You Should Know.]
- BlackRock, leads all ETF issuers, earning $1.4 billion per year in annual expenses. That’s almost half of the total $2.9 billion in revenues gathered throughout the industry.
- State Street Global Advisors comes in second, with $440 million in annual revenues.
- ProShares earns the No. 3 slot, with $238 million in revenues, just edging out PowerShares at $237 million. Vanguard is fifth with $176 million.
- We’ll note that in terms of assets, there are lots of other ETF providers making their way up the leaderboard. In the last year, Van Eck‘s assets under management have grown 70%; WisdomTree‘s, 83%; First Trust‘s, 190%. [ETFs That Led the Asset Grab in May.]
- Among the newer providers, we’re seen some steady and impressive growth, as well. Global X has gone from $2 million to $213 million in one year; RevenueShares has gone from $109 million a year ago to $463 million at the end of May.
- Three providers have amassed $1 billion or more in assets in less than one year of trading: ETF Securities, Schwab and PIMCO. [$1 Billion ETF Provider Club Gets a New Member.]
For more stories about the ETF industry, visit our ETF 101 category.
Tisha Guerrero contributed to this article.
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.