U.S.-listed ETFs saw record outflows in August but Vanguard keeps chugging along and was the only firm among the top five providers to record inflows last month.
According to IndexUniverse, Vanguard attracted $3.8 billion in assets over August. Meanwhile, BlackRock iShares saw $4.3 billion in outflows, State Street Global Advisors saw $19.5 billion in outflows, Invesco PowerShares saw $808 million in outflows and WisdomTree saw $484 million in outflows.
U.S. exchange traded products hold $1.5 trillion of assets, according to data provider XTF.com.
Also notable was a nearly $1.6 billion August inflow at ProShares. Leveraged and inverse ETFs were popular last month despite the overall industry’s record outflow. [Leveraged ETFs Buck Recent Outflow Trend]
BlackRock’s iShares is the largest U.S. ETF provider with $593.8 billion of assets, according to XTF.
Meanwhile, Vanguard has passed State Street as the second-largest ETF manager, if SPDR Gold Shares (NYSEArca: GLD) is not included in State Street’s assets. GLD is technically sponsored by a unit of the World Gold Council while State Street is the ETF’s marketing agent.