Vanguard’s U.S.-listed ETFs hold $292.4 billion, while State Street controls $284.3 billion. XTF assigns the $41.2 billion held in GLD to World Gold Trust Services LLC. [Vanguard Nearing State Street as Second-Largest U.S. ETF Firm]
Vanguard has slashed expense ratios on a number of its products, which helped attract greater investment interest. Over the first seven months of 2013, Vanguard brought in $36 billion in net inflows, compared to iShares with $33.9 billion in new inflows, State Street with $10.3 billion, Invesco PowerShares with $9.4 billion and WisdomTree with $11.8 billion, according data from BlackRock.
In August, U.S.-listed ETFs experienced $17.5 billion in net outflows, reports Jason Kephart for InvestmentNews. [Global ETFs See Record Outflow]
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 GLD.