The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:The ETF Strategist Space Crowns a New King Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 09, 2017

The ETF Strategist Space Crowns a New King

Reported by Neil Anderson, Managing Editor

As Vanguard dominates mutual fund and ETF inflows, it's also dominating growth in an adjacent space: ETF strategists.

On Thursday Chicago-based investment research specialist Morningstar released its "Morningstar ETF Managed Portfolios Landscape Report" for the second quarter of 2017. Ben Johnson, director of ETF global research, penned the report as per usual.

Vanguard's ETF strategist, Vanguard Advisers, saw its AUM rise by $2.3132 billion in the second quarter, more than any other ETF strategist in the business, M* estimates. To put that in perspective, Vanguard's AUM now accounts for 8.15 percent of the $107-billion ETF strategist universe that M* tracks, yet Vanguard's AUM increase accounted for about 31.8 percent of the growth in the space. Vanguard is now also the single biggest ETF strategist in the business by M*'s numbers, though Schwab is a bigger ETF strategist player if you combine the numbers for its two ETF strategists.

Other big ETF strategist winners in Q2, by M*'s estimates, include: SEI, AUM up by $944 million; BlackRock, up $918.1 million; Columbia, AUM up $665.3 million; and Richard Bernstein Advisors, up $503.6 million.

On a relative basis, among the 24 biggest ETF strategists, UBS had the biggest Q2 growth, with AUM rising by 42.8 percent. Other big winners last quarter, proportionately, include: Swan Global Investments, up 38.2 percent; Vanguard, up 36.1 percent; SEI, up 35.5 percent, and Richard Bernstein, up 24.5 percent.

On the flip side, Q2 was a rough quarter for Charles Schwab. The brokerage giant's two ETF strategists, Windhaven Investment Management and Charles Schwab Investment Advisory, suffered a combined $466.5 million AUM drop in Q2, by M* estimation, though combined they still make Schwab the biggest in the space. Among the 24 biggest ETF strategists, the only other AUM sufferer was Cougar Global Investments, whose AUM slipped by $29.3 million. On a relative basis, Schwab's AUM slipped by 3.7 percent and Cougar's by 2.7 percent.

Overall, ETF strategists saw a 7.3 percent rise in AUM to $107 billion at the end of Q2, M* estimates. As of the end of Q2, M* tracked 1,023 strategies from 178 different ETF strategists. $5.3 billion of the AUM increase in the space came from previously tracked strategies, while $2 billion came from M* adding new strategies to its database.

It seems that ETF and mutual fund size continues to translate into size in the ETF strategist space, too. Of the firms behind the five biggest ETF strategists, three of them are the three biggest ETF shops (Vanguard, BlackRock, and SSgA), and a fourth is a rapidly growing ETF giant (Schwab). 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. 2022 ICI Leadership Summit, May 25-26
  2. ALFI Roadshow to New York, May 25
  3. 2022 IDC Fund Directors Workshop, May 26
  4. Irish Funds Annual Global Funds Conference 2022, May 30-31
  5. WealthManagement Edge, May 31 - June 3
  6. MFDF 2022 Fund Governance and Regulatory Insights Conference, Jun 8-9
  7. 28th annual Expect Miracles East Coast Classic, June 9
  8. 2022 Sohn Investment Conference, June 9
  9. IDC webinar - Cybersecurity for Fund Boards: The Current Landscape, June 9
  10. MMI webinar - Driving Business Value with Artificial Intelligence & Data, June 15
  11. MFDF webinar - Key Takeaways From Morningstar's 2021 Annual Fund Fee Study, June 16
  12. MFDF Director Discussion Series - Open Forum (Chicago), June 21
  13. 2022 MMI Emerging Asset Managers Forum, June 23
  14. MFDF In Focus: Capitol Hill, A Conversation with Congressman Bryan Steil, June 28
  15. Financial Planning INVEST, Jun 28-29
  16. MFDF webinar - Differentiating Mutual-Fund-to-ETF Conversions, July 19
  17. MFDF Director Discussion Series - Open Forum (New York), July 20
  18. 2022 MMI Distribution Leadership Forum, Jul 20-21
  19. MFDF webinar - Fund Boards' Oversight of Investment Performance, July 28
  20. MFDF webinar - Performance, Perception and Manager Selection, September 14
  21. 2022 ICI Tax and Accounting Conference, Sep 18-21
  22. 5th annual Expect Miracles Atlantic Coast Classic, October 3
  23. Nicsa Fearless Leadership Symposium, Oct 6-7
  24. 2022 MMI Annual Conference, Oct 19-21
  25. 2022 IDC Fund Directors Conference, Oct 24-26
  26. 18th annual Expect Miracles Wine & Spirits Event, October 27

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use