Vanguard steals BlackRock crown for world’s biggest bond ETF

Vanguard Group has ushered in a new world order in the fixed-income exchange-traded fund arena.

The logo for Vanguard is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 1, 2022. REUTERS/Brendan McDermid | Photo: Brendan Mcdermid/Reuters/Ritzau Scanpix

The Vanguard Total Bond Market ETF (ticker BND), with assets of roughly USD 83.8bn, has surpassed the USD 83.2bn iShares Core US Aggregate Bond ETF (AGG) to become the world’s biggest bond ETF, Bloomberg data show.

Larry Fink’s BlackRock has long reined as the largest issuer in the USD 6.6trn ETF arena, but Vanguard has been tightening its grip on the industry.

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