For the year ended June 30, indexed assets increased 5.4% to $15.35 trillion, as the COVID-19 crisis drove assets into fixed-income ETFs.
Social issues led to a heightened interest in socially conscious and sustainable investing in the U.S.
For the third year in a row, worldwide indexed assets have grown among the largest players.
Northern Trust had the highest concentration of ESG-specific assets under passive management among index managers.
With ETF inflows smashing records and passive gaining assets at the expense of active, more managers are seeking a slice of the pie.