Vanguard trounces Blackrock for ETF flows in volatile half

Vanguard Group’s U.S. exchange-traded funds attracted inflows of about USD 89bn in the first half, surging ahead of industry leader Blackrock Inc. in a volatile period.
Photo: Colourbox
Photo: Colourbox
By Annie Massa and Katherine Greifeld / BLOOMBERG

BlackRock took in an estimated USD 38bn, according to Bloomberg Intelligence data, as market swings fueled by the coronavirus crisis spurred selling from the types of active traders who favor the iShares lineup. Vanguard’s dominance contrasts with the first half of 2019, when BlackRock led its main rival by about USD 1.9bn.

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