The statisticians agree: BlackRock remains the behemoth in ETF/ETP assets under management, with a global market share of over 38% and a U.S. market share of more than 40%. Statistics were provided by BlackRock itself, as well as by London-based ETFGI and the ETF Industry Association, which provides figures for U.S. listed ETFs.
BlackRock’s market share slipped 0.7% on a global basis and 1.6% in the U.S. for the year ending in July, according to BlackRock.
Both BlackRock and ETFGI name the same providers, in the same order, on their list of top ETF/ETP providers worldwide ranked by AUM. State Street Global Advisors is #2 with a 17.7% market share, followed by Vanguard with a 12.5% share.
State Street’s global market share remained the same for the year ending July 31, Vanguard’s share inched up by 1.3%.
BlackRock and ETFGI provide slightly different market share numbers for the next tier of providers: Invesco PowerShares (4.2% BlackRock; 3.4% ETFGI). Db x-tracker/db ETC (2.6% BlackRock; 3.3% ETFGI). Societe General’s Lyxor Asset Management (2.2% BlackRock; 2.0% ETFGI).
Rounding out the top ten providers worldwide are ETF Securities (1.5%), Van Eck Associates (1.4%), ProShares (1.3%) and Nomura Asset Management (1.3%)
When it comes to the top ETP/ETF providers in the U.S. ranked by AUM, BlackRock and the ETF Industry Association are in general agreement; the industry association does not provide market share figures. The top six are BlackRock (40.7%), State Street (24%) Vanguard (17.8), Invesco PowerShares (5.7%), Van Eck (2.0%), ProShares (1.8%) and Wisdom Tree (1.3%).
BlackRock then lists Guggenheim Funds (0.9%), Bank of New York (0.8%), and First Trust Advisors (0.6%). The ETF Industry Association names Deutsche Bank, Guggenheim and First Trust as the final three on the top ten list.