is leading a niche pack proportionally as Vanguard
retakes the crown there. Two other ETF giants are also gaining AUM fast in the space.
Today Chicago-based investment research giant Morningstar released
its "Morningstar ETF Managed Portfolios Landscape Report" for the fourth quarter of 2017. Ben Johnson
, director of global ETF research, again penned the report.
Leading the pack was Vanguard's
ETF strategist arm, with AUM growth of $1.7188 billion in Q4 2017, M* estimates. Other big AUM gainers in Q4 included: SSgA
, $1.0975 billion; BlackRock
, $710.9 million, down from $1.29 billion in Q3
; Richard Bernstein Advisors
, $707.2 million; and UBS
, $645.6 million.
Proportionately, of the 30-biggest ETF strategists tracked by M*, UBS led the pack in Q4, seeing its AUM rise an estimated 57.9 percent. Other big AUM gainers in Q4 included: Richard Bernstein, 19.1 percent; SSgA, 16.3 percent; Vanguard, 15.9 percent; and WestEnd Advisors
, 14 percent.
Per strategy, it was BNY Mellon's
ETF strategist that led the pack, seeing its AUM rise an estimated $187 million per strategy. Other big Q4 AUM gainers included: Richard Bernstein, $117.9 million per strategy; UBS, $107.6 million per strategy; Churchill Management Group
, $89 million per strategy; and WestEnd, $86.7 million per strategy.
None of the top 30 ETF strategists tracked by M* saw their AUM slip in Q4 2017.
ETF titans dominate the ETF strategist space by AUM. Charles Schwab
is the biggest ETF strategist in the business, now with $12.4254 billion in AUM (including its Windhaven
business). The next four biggest are: Vanguard, $10.8412 billion; BlackRock, $7.9281 billion; SSgA, $6.7338 billion; and RiverFront
, $6.6539 billion.
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