iShares Crosses $1 Trillion In Assets

The ETF juggernaut represents almost 40% of total assets in ETFs in the U.S.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

The ETF.com league table from Jan. 9 indicates BlackRock’s iShares unit has pushed past a major milestone, hitting $1 trillion in assets under management. ETF.com's AUM data includes ETFs that invest in other ETFs from the same issuer.

iShares has been the largest ETF issuer in the U.S. for years, but its assets saw a significant increase from a little over a year ago, when it had $835 billion as of Dec. 29, 2015.

To put it in perspective, the iShares family currently represents nearly 40% of the assets in U.S.-listed ETFs.

The closest competitor to the iShares juggernaut these days is Vanguard, which had $625 billion in assets under management on Jan. 9. That’s almost a $400 billion gap between the first and second rankings. State Street Global Advisors, the previous No. 2-ranked ETF issuer by assets, is in third place, with $512 billion.

After SSgA, the tallies drop off fairly quickly. Invesco PowerShares claims the No. 4 spot, with $112 billion, while financial services powerhouse Charles Schwab is fifth, with $61 billion. First Trust and WisdomTree are practically neck and neck, with $42 billion and $40 billion in assets, respectively. Similarly, Guggenheim could lose its No. 8 ranking to VanEck if the latter sees a small boost in its assets: The two firms have $32 billion and $31 billion, respectively.

ProShares rounds out the top 10 issuers, with $26 billion in assets under management, or less than 1% of the total assets in U.S.-listed ETFs.

Contact Heather Bell at [email protected].

 

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.