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BlackRock’s iShares Passes Incredible $1 Trillion In ETF Assets

Thursday, January 12, 2017 7:33
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(Before It's News)

iShares has long been the largest ETF issuer, controlling some 40% of all ETF assets in the U.S., but it just passed another major milestone, eclipsing a staggering $1 trillion in total assets held among its funds.

That new total is up nearly 20% from just over a year ago, when the issuer counted $835 billion in assets as of Dec. 29, 2015, according to ETF.com.

At latest count, Vanguard was in second place with $625 billion in assets under management, while State Street was third with $512 billion — or a little more than half of iShares’ total.

From there, the amount of assets held by the next closest issuers drops off dramatically. Invesco PowerShares stands in fourth place with $112 billion, and Charles Schwab is fifth in total assets in its ETFs, with around $61 billion.

Out of its now $1 trillion in assets, the iShares S&P 500 Index ETF (NYSE:IVV) is iShares’ largest, with around $90.6 billion in AUM. Despite its huge size, IVV still represents less than 1% of iShares’ total assets.

The IVV fell $0.54 (-0.24%) in premarket trading Thursday. Year-to-date, IVV has gained 1.33%, versus a 1.34% rise in the benchmark S&P 500 index during the same period. IVV currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #2 of 108 ETFs in the Large Cap Blend ETFs category.

You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)



Source: http://etfdailynews.com/2017/01/12/blackrocks-ishares-passes-incredible-1-trillion-in-etf-assets/

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