Vanguard will pass rival State Street Global Advisors to become the second-largest ETF manager by assets after BlackRock’s iShares, according to the results of a survey published Thursday by

“More than 84%, or 266 respondents, foresee Vanguard pushing SSgA out of its spot as the second-largest ETF provider in the next five years,” Ignites reports.

At the end of March, assets in SSgA’s U.S.-listed ETFs totaled $298.8 billion, while Vanguard controlled $204.8 billion, according to data from the ETF Industry Association. BlackRock is the top dog with $500.4 billion.

Vanguard’s market share of the U.S. ETF market has grown from 6% at the end of February 2007 to 17% at the end of this February, according to the Ignites report. [Vanguard ETF Assets rise Above $200 Billion]

Vanguard has seen assets in its U.S. exchange traded funds top the $200 billion mark after grabbing nearly a third of inflows the past two years.

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