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Thursday, 26 January 2017

BlackRock and Vanguard crush smaller ETF rivals

BlackRock and Vanguard crush smaller ETF rivals:

"Champagne corks should be popping in celebration across the exchange traded fund industry after a third successive year of record-breaking growth. But many ETF providers will have left their fizz on ice after again struggling to mount any meaningful challenge against BlackRock and Vanguard, the two largest fund houses globally, which have enormous passive investment businesses. Both asset managers registered record ETF inflows in 2016, tightening their grip on the market. Together the fund giants now control 55 per cent of the global ETF market between them — up from 52 per cent at the end of 2012."

'via Blog this'