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.
, 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
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