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Friday, November 02, 2012

ETF Flows Show Cheaper Funds Winning Market Share

News summary by MFWire's editors

The ETF price war already seems to be having an impact on flows.

In October, the iShares Core S&P 500 was the most popular ETF, gathering over $2 billion, according to the Index Universe ETF flows report. Last month, BlackRock dropped the management fee on the fund from 9 to 7 basis points.

October was a good month for the ETF giants. Five of the ten most popular ETFs in October were iShares funds. In total, iShares netted $7.77 billion, while Vanguard pulled in $3.28 billion, the second most.

State Street, the second largest ETF sponsor, was an exception. Investors pulled $9.3 billion from SPDR ETFs last month, with the SPRD S&P 500 fund losing nearly $7.2 billion. The Invesco PowerShares line also lost $1.2 billion in AUM on the month.

Much more detail in the full flows report

Edited by: Chris Cumming

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