ETF Issuer League Table: 09/03/2020
September 04, 2020 at 12:31 PM EDT
The ETF industry moves fast. Each week, we run the numbers on the ETF industry, and tally up the winners and losers in terms of fund flows and total assets. Vanguard continues to be the big winner for the third straight week, bringing in $3.3 billion in new assets this past week. Blackrock followed closely with another $2.6 billion inflows this week, buoyed by inflows of $928 million into the iShares Edge MSCI USA Value Factor ETF ( VLUE B+ ) . Meanwhile, State Street SPDR continues to be on investors’ bad side as their three week streak continues in the opposite direction. This week the fund giant saw $5.2 billion in outflows. The firm’s flagship fund the SPDR S&P 500 ETF ( SPY A ) lost just over $4 billion in assets last week, accounting for 77.5% of the total outflows for the week. On the smaller side, Renaissance Capital’s two IPO funds, the Renaissance IPO ETF ( IPO C ) and the Renaissance International IPO ETF ( IPOS C ), $27.53 million inflows accounted for 16% of the firm’s total AUM. The funds have been slow to gather assets, but offer a unique slice of the market.