iShares trounces Vanguard in ETF flows

ETFs

BlackRock’s iShares gathered the largest net inflows in September with $1.3bn, as the firm reaches almost half of the market share (46.9 per cent) in Europe with a total assets of $266bn, ETFGI reveals.

iShares was followed by Vanguard with $942m of inflows and UBS ETFs with $414m.

BlackRock Q3 results released this week showed iShares had net inflows totalling $51.3bn, while BlackRock said it saw net outflows of $2.2bn in its retail long-term business.

Overall, ETFGI data says assets invested in ETFs and ETPs listed in Europe have reached a record high at $567bn (£462bn) at the end of the third quarter this year.

Inflows in September for both products were net $3bn, marking the 25th consecutive month of net inflows.

In particular, fixed Income ETFs and ETPs had the largest net inflows with $1.15bn for the period, followed by equity with $1bn.

Flows also reached record high for September in ETPs listed globally at $3.4trn, in the US with $2.4trn, and in Asia Pacific ex-Japan at $131.9bn.

ETFGI co-founder and managing partner Deborah Fuhr says: “Although there was a rally after the FOMC’s vote to leave interest rates unchanged in September, the S&P 500 ended the month flat and the SJIA with a moderate decline of 0.4 per cent.

“Developed markets ex-US and Emerging markets were up 1.5 per cent and 1.2 per cent, respectively.”