BlackRock and Vanguard bring home the bacon, again

BlackRock's iShares and Vanguard saw record inflows into their ETF businesses in 2016, receiving $107 billion and $94 billion in new business, respectively. Inflows to both managers surged in December amid the stock market rally that followed the election. Vanguard had net inflows in each month of 2016, while iShares saw more volatility and had net outflows in January and May.

iShare's Core S&P 500 fund holds the second largest piece of the market with 9.3% of the total market, followed by Vanguard's Developed Market Index fund with 7.3%. iShare's Core S&P 500 product had net inflows of $13.2 billion in 2016, and iShare's saw significant inflows into its EAFE, midcap equity and high-yield products. Nearly a quarter of Vanguard's ETF flows went into its S&P 500 and developed markets funds.

Related Articles
BlackRock appoints former U.K. chancellor of the exchequer as senior adviser
The evolution of the ETF industry
Lazard banker wrangles with activists empowered by ETF flows
Vanguard goes on hiring binge to support big boom in growth
Institutions not afraid to move beyond biggest players
Academics, quants don't agree on volatility claims
BlackRock, Vanguard on the way to dominate investing
RECOMMENDED FOR YOU
Retail revenue higher in Q1 thanks to COVID-19
Recommended for You
Retail revenue higher in Q1 thanks to COVID-19
Retail revenue higher in Q1 thanks to COVID-19
T. Rowe Price and American active funds lead in 2020
T. Rowe Price and American active funds lead in 2020
Graphic: Target-date funds show their stripes
Graphic: Target-date funds show their stripes
Value vs. growth valuations blow out in 2020
Value vs. growth valuations blow out in 2020
sponsored content
Events