Vanguard is crushing the competition in ETFs. State Street and iShares were the early movers in ETFs, but after a late start, Vanguard has come on strong. Vanguard is now the second largest ETF provider in the U.S., with $483 billion under management and it is winning the inflows race among big providers YTD (+11.6%). You won’t find Fidelity among the list of top ETF providers yet, but a slew of new listings and an assets under management base of over $2 trillion make Fidelity an up and coming contender.
The graphic below comes courtesy of the crack Bloomberg Brief ETF team.