Vanguard overtakes US ETF inflows from iShares in August

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Vanguard led the U.S. ETF feeds industry last month, driven by strong sales in stocks and bonds.

The company took in $24.2 billion in August, nearly four times as much as iShares, its closest competitor, which took in just $6.2 billion, according to Data from Morningstar.

Vanguard’s S&P 500 ETF had the second-best flows in the sector, at $3.6 billion, behind State Street Global Advisors’ Financial Select Sector SPDR ETF of $3.8 billion.

Next come three Vanguard bond ETFs: the Total Bond Market ETF, with $2.6 billion; Short-term corporate bond ETFs, with $2.6 billion; and Total Stock Market ETF, which ranked fifth, at $2.6 billion.

This article was previously published by ignitesa security held by the FT group.

iShares’ August total of $6.2 billion was partly fueled by its 7- to 10-year Treasury bond ETF, with $2.4 billion in new cash, and l ‘ETF Core S&P 500, with $2.3 billion.

Charles Schwab had the third best flow, with $3 billion, followed by Dimensional Fund Advisors with $1.9 billion; SSGA with $1.8 billion; and First Trust, with $1.7 billion.

Among the other top 10 providers, ProShares recorded $1.3 billion in inflows; WisdomTree, $700 million; Invesco, $200 million; and JPMorgan Asset Management, $100 million.

Sector-wide, ETFs saw inflows of $43.8 billion, slightly lower than their average monthly inflow so far this year.

Equity ETFs brought in $28.8 billion, while bond ETFs brought in $14.5 billion.

So far this year, US ETFs have added $386.9 billion in new money.

*Ignites is an information service published by FT Specialist for professionals working in the asset management industry. It covers everything from new product launches to regulations and industry trends. Trials and subscriptions are available at enflamme.com.

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