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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.
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.
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