The WisdomTree Japan Hedged Equity Fund (NYSEArca: DXJ) saw the largest inflows over the quarter, garnering $3.9 billion in assets. The SPDR S&P 500 (NYSEArca: SPY) saw the highest redemptions, losing $8.1 billion in assets.
The so-called fee war seems to be working out for providers that have aggressively slashed fees. For instance, while the SPY ETF saw outflows, the cheaper iShares Core S&P 500 ETF (NYSEArca: IVV) added $2.3 billion and the Vanguard S&P 500 ETF (NYSEArca: VOO) saw $1.5 billion in new assets. Looking at fund providers, iShares attracted $17.6 billion in new assets over the first quarter and Vanguard saw $19.7 in new inflows. In comparison, State Street Global Advisors lost $6.4 billion over the quarter.
Globally, the ETF industry saw record quarterly inflows, fueled by developed market equity demand. [Developed Market Equity Demand Fuels Record Quarterly ETF Inflows]
For more information on ETF asset flows, visit our ETF performance reports category.
Max Chen contributed to this article.
Full disclosure: Tom Lydon’s clients own SPY, TIP, LQD, QQQ, BSV and IWW.