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Friday, February 24, 2017|
The Most Exclusive ETF Club Is About to Double Its Membership ... to Two
For the second time ever, an ETF is about to break into a very exclusive club: funds with more than $100 billion in AUM.
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.
Printed from: MFWire.com/story.asp?s=55762
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