Vanguard is the leading the global ETF business in sales for the first half of 2013 after experiencing inflows for June while most of its competitors saw redemptions.
Vanguard is the top ETF asset gatherer so far this year with net inflows of $28.9 billion, according to independent research and consultancy firm ETFGI.
The firm ranks third in terms of global ETF assets behind BlackRock’s iShares and State Street Global Advisors, but is gaining ground.
In the U.S. ETF business, BlackRock controls $585.5 billion of assets. State Street accounts for $292.2 billion, not including the $37.9 billion SPDR Gold Shares (NYSEArca: GLD). Vanguard manages $282.4 billion of ETF assets, according to XTF.com.
Vanguard moved ahead of BlackRock in global ETF inflows in June when he ETF industry registered its first month of net investor outflows for more than two years, the Financial Times reports.