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Rating:The Most Exclusive ETF Club Is About to Double Its Membership ... to Two Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, February 24, 2017

The Most Exclusive ETF Club Is About to Double Its Membership ... to Two

News summary by MFWire's editors

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 (IVV) [profile] 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. 

Edited by: Neil Anderson, Managing Editor

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