VOO - Vanguard edges closer to BlackRock as largest ETF manager after strong Q1

2023-04-13 10:15:16 ET

With an influx of funds during Q1, Vanguard narrowed the gap against BlackRock as the world's largest purveyor of exchange traded funds, as its bigger rival experienced net outflows over the same period.

In terms of AUM for its ETF products, BlackRock’s iShares still holds the throne with roughly $2.3T worth of investor capital under its umbrella. However, with strong inflows during Q1, Vanguard is closing in on its competitor, with a total now near $2T.

Over the first quarter, Vanguard made strides against BlackRock as it was able to inject $25.7B worth of cash towards its portfolio of exchange traded funds. At the same time, BlackRock’s iShares ETFs saw net outflows of around $500M over the same period.

Vanguard’s cash intake was fueled by some of the issuer’s largest funds. See below a list of Vanguard’s five largest ETFs along with their 2023 Q1 inflows:

• Vanguard S&P 500 ETF ( NYSEARCA: VOO ) +$4.59B
• Vanguard Total Stock Market ETF ( NYSEARCA: VTI ) +$3.14B
• Vanguard FTSE Developed Markets ETF ( VEA ) +$1.27B
• Vanguard Value ETF ( NYSEARCA: VTV ) +$+3.19B
• Vanguard Total Bond Market ETF ( NASDAQ: BND ) +$3.48B

At the same time, BlackRock’s largest fund, iShares Core S&P 500 ETF ( IVV ), which is the second largest ETF in the world, lost $4.26B during Q1.

ETF data is per ETF.com .

Moreover, over the first trading quarter of 2023, Vanguard has not only topped BlackRock in ETF flows, but it also took in more capital than any other exchange traded fund issuer on the market.

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