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Rating:Clark and Vanguard Lead the ETF Strategist Pack Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, October 11, 2016

Clark and Vanguard Lead the ETF Strategist Pack

Reported by Neil Anderson, Managing Editor

Clark Capital Management Group and Vanguard [profile] were the fastest growing ETF strategists last quarter, per new data from Morningstar.

Ben Johnson
Morningstar, Inc.
Director of Passive Funds Research
The Chicago-based investing research giant unveiled its ETF Managed Portfolios Landscape report for Q2 2016, penned by global ETF research director Ben Johnson. M* now tracks 151 ETF strategist shops offering 787 strategies with a combined $84 billion in AUM, up 11 percent in Q2; that increase, of $8.325 billion, is partly due to the addition of $5.1 billion in existing strategies (notably including BlackRock's [profile] ETF managed portfolios) to the M* database.

Seven of the 25 biggest ETF strategists in M*'s database saw their AUM rise in Q2 2016, while one was flat and 17 saw their AUM fall.

Vanguard's ETF strategist business had the biggest absolute growth, $794.5 million, of any firm, and Vanguard is now fifth by AUM, $3.6183 billion as of June 30, after being on top of the pack in 2015, too. The other top five Q2 2016 growers were: Clark [profile], up $753.3 million (to $2.4821 billion in AUM); SEI Trust Company [profile], up by $359.8 million (to $1.9956 billion); BlackRock, up by $182.8 million (to $3.5932 billion); and Cougar Global Investments, up by $179.5 million (to $1.4432 billion).

Proportionately, the fastest growing ETF strategist (among the top 25 firms) in Q2 2016 was Clark, whose AUM rose 30.35 percent. The other top five Q2 growers proportionately were: Vanguard, up 21.96 percent; SEI, up 18.03 percent; Cougar, up 12.44 percent; and Swan Global Investments, up by 11.88 percent (to $1.3516 billion).

On the flip side, Windhaven Investment Management suffered a $482.7 million dip in AUM (to $10.6401 billion in AUM) in Q2 2016, more than any other ETF strategist in M*'s database. The other big sufferers in Q2 were: Windham Capital Management, down $226.5 million (to $1.1221 billion); Beaumont Capital Management, down $178 million (to $2.5582 billion); Stadion Money Management [profile], down $109.7 million (to $3.3729 billion); and Astor Investment Management [profile], down $92.1 million (to $1.7561 billion).

Proportionately, Windham suffered the biggest ETF strategist AUM drop in Q2 2016, as its AUM fell 20.19 percent. The other big sufferers proportionately were: Beaumont, down 6.96 percent; Astor, down 5.24 percent; Windhaven, down 4.54 percent; and Stadion, down 3.25 percent. 

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