For the second time ever, an ETF is about to break into a very exclusive club: funds with more than $100 billion in AUM.
| Dave Nadig|
Cheif Executive Officer
The 17-year-old iShares Core S&P 500 ETF
] now has $96.4 billion and counting, Sumit Roy of ETF.com notes
, and it looks poised to cross the $100-billion mark soon. Only one other ETF, the $232-billion SPDR S&P 500 ETF
(SPY), has crossed that mark, and it's been almost 10 years since it did.
IVV has grown its AUM by more than 48 percent in just a year, rising from $65 billion.
SPY would still be the only ETF with more than $200 billion in AUM. And traditional mutual funds still dominate the giant fund clubs: ETF.com
points out that 18 non-ETF mutual funds have more than $100 billion each in AUM, and four of those (all Vanguard funds) have more than $200 billion each in AUM.
The publication puts IVV's rise in the context of a longstanding prediction from ETF.com
CEO Dave Nadig
and former CEO Matt Hougan
: that total ETF AUM will surpass traditional mutual fund AUM by 2025.
Neil Anderson, Managing Editor
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