Bringing you live news and features since 2006 

Bringing you news, views and analysis since 2013

Trackinsight’s mid-year update reveals mixed fortunes for Vanguard, SPDR and LGIM

ETF data platform Trackinsight has released the latest update to its 2021 Global ETF Survey, revealing key global trends for the first quarter of the year. 

370 professional investors, managing over USD345 billion in ETF assets, completed the survey and it reveals that the North American ETF market, which reached USD5.8 trillion in AuM in Q1 2021, saw growth dominated by Vanguard. 

The issuer captured over 42 per cent of total flows in the region, adding an incredible USD95 billion in the first quarter. Total ETF flows in North America were USD218 billion over the quarter.

However, Vanguard could not replicate this success in Europe where its ETF business has struggled to compete, Trackinsight says. Vanguard added only USD3.8 billion of flows in Europe, falling far short of the European market leader, iShares, that attracted USD19.6 billion in the same period. Vanguard has only 5.8 per cent ETF market share in Europe, compared to nearly 29 per cent market share in North America. 

However, Vanguard saw surprising success in its US Active ETF business, growing assets 31.4 per cent year-on-year to USD5.3 billion. This growth rate is second only to Ark Investments that has seen 36.7 per cent year-on-year growth in their active ETF suite, which reached USD47 billion in assets by the end of the first quarter.

In European ETF markets, the survey shows that SPDR seems to have finally figured out its distribution strategy for local investors, growing an astonishing 1,234 per cent year-on-year, reaching USD6 billion in assets. The next fastest-growing issuer, Legal & General Investment Management expanded 33.5 per cent year-on-year to reach a total of USD9.5 billion in assets.

Julien Scatena, Head of Client Solutions at Trackinsight says: “Far from bridging the gap with passive ETFs, which now represent USD7.8 trillion in assets under management, actively managed strategies gained ground during Q1 2021 with 15 per cent of net inflows. Interestingly, the active ETF assets are skewed toward Fixed Income strategies (48 per cent of total AUM), while equity strategies are way ahead in the passive world (80 per cent of total AUM). Since the beginning of the year, their global assets increased by 9.5 per cent (the most significant increase among the different asset classes) to reach USD 6.3 trillion globally.”

Latest News

Ossiam has announced the launch of a new ETF, the Ossiam Shiller Barclays CAPE Global Sector Value, listed on five..
VettaFi has announced that it is conducting a consultation with market participants on potential modifications to constituent criteria and weightings..
ETF data providers ETFGI report that assets invested in the global ETFs industry extended its lead over the global hedge..
New data from ETP provider GraniteShares, which offers a range of 3x short and 3x leveraged ETPs on popular UK,..

Related Articles

We are very pleased to open the voting for service providers (selected by nominations) and ETP issuers, selected by our data partners, Trackinsight, for the European ETF Express Awards, in...
Osprey Funds’ founder and CEO, Greg King, has written an open letter to Barry Silbert, majority owner of Digital Currency Group which owns Grayscale, suggesting that he uses his powers...
Comparing multifactor ETFs to the popular Marvel Avengers series may seem a bit of a stretch but recent analysis from Morningstar suggests the investment strategies have more in common with...
Canadian asset manager Mackenzie Investments, with CAD186.6 billion under management, has published its annual Mackenzie Investments Year-End ETF Report. ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by