Sweeping away its competitors, BlackRock Inc.'s
ETF managed portfolio AUM rose by more than $1 billion in the third quarter.
The Chicago-based investment research specialist Morningstar
recently released its "Morningstar ETF Portfolio Landscape Report" for the third quarter of 2017. Ben Johnson
, director of global ETF research, penned the report.
Leading the pack was Blackrock's ETF strategist arm with an AUM growth of $1.290 billion in the third quarter, M* estimates. In second place was Clark Capital Management Group Inc.
with a growth of $810.7 million. Other big ETF strategist winners in Q3 include: SEI Trust Company
, up $620.7 million; Columbia Management Investment Advisers, LLC
, up $554.2 million; and New Frontier Advisors, LLC
, up $505.9 million.
On a relative basis, among the 25 biggest ETF strategists, New Frontier Advisors had the biggest Q3 growth, with AUM rising by 23.92 percent. Other big winners in Q3 include: BlackRock, up 21.79 percent; WestEnd Advisors, LLC
, up 18.72 percent; Clark Capital Management, up 17.73 percent; and SEI, up 17.21 percent.
On the flip side, Q3 was a rough quarter for Members Trust Company
, whose AUM dipped $608 million. Among the 25 biggest ETF strategists, the only other AUM sufferer was Stadion Money Management,LLC
, whose AUM slipped by $40.2 million. On a relative basis, Members Trust's AUM slipped by 33.5 percent and Stadion's AUM slipped by 1.26 percent.
Industrywide, total AUM increased by 7.5 percent to $115 billion in the third quarter, M* estimates. As of the end of Q3 2017, M* tracked 1,093 strategies from 179 different ETF strategists, an increase from Q2 of 70 strategies and one strategist.
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