ETFs How they Work Under the Hood
By pjain Published July 13, 2021, 1:11 a.m. in blog Invest
Fund Keys, Trends, ETFs vs MFs Competition
ETFs have Won!
All Asset Managers UBER focussed on Profitability - Vanguard messes 'em up!
Big Brands
| SYM Issuer | Brand | AUM $m |
|---|---|---|
| BLK Blackrock | iShares | 2,305,778 |
| Private | Vanguard | 1,858,069 |
| STT State Street | SPDR | 992,394 |
| IVZ | Invesco | 359,323 |
| SCHW | Schwab | 246,723 |
| Private? | First Trust | 133,564 |
| JPM | JPMorgan | 65,824 |
| Private | VanEck | 63,313 |
| Private | ProShares | 58,400 |
| ARK | 48,824 | |
| WETF | WisdomTree | 45,251 |
| Mirae Asset Global Invest | Global X | 34,825 |
| DFA Private | Dimensional | 30,705 |
| Private | Fidelity | 30,210 |
| Allianz | PIMCO | 26,568 |
| Direxion | 25,652 | |
| GS | Goldman Sachs | 24,046 |
| Xtrackers | 22,240 | |
| FlexShares | 18,503 | |
| Franklin | 7,911 | |
| Pacer | 7,655 | |
| KraneShares | 7,413 | |
| Aberdeen | 7,098 | |
| ETF Managers Group | 7,098 | |
| VictoryShares | 6,539 | |
| Alerian | 5,955 | |
| Avantis | 5,601 | |
| Innovator | 5,356 | |
| Principal | 5,300 | |
| Invesco DB | 5,171 |
* Note this is for ETFs only, MFs and Bond Funds can be bigger as more profitable for issuers - and can be much larger in size * Data from ETF.com as of 7/7/21
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WisdomTree is the only publicly traded asset manager exclusively focused on the ETP industry. WisdomTree is listed on the NASDAQ Global Market under the ticker: WETF.
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First Trust Advisors, registered in 1991, serves 51 state(s) with a licensed staff of 400 advisors. First Trust Advisors manages $171.6 billion and provides investment advisory services for 3,304 clients (1:9 advisor/client ratio). ftportfolios.com
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ProShares is a division of ProFunds Group that manages various investment funds with combined assets under management of around $50 b. ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor. ProShares also offers smart beta strategies, a blend of active and passive investing that tries to accentuate the benefits of both investment styles.
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U.S. Global X ETFs is a New York-based provider of global exchange-traded funds. Founded in 2008, it has approximately $30 billion in managed assets, across more than 80 different products. Sold to Mirae Asset Global Invest for $488m
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Bond sold PowerShares to Invesco for roughly $260 m
Merger Mania - Top Funds buying bottom money-losers for AUM
Proprietary offerings
- ARK, a fast rising fund provider has really taken over with proprietary offerings
Indexes Providers
Spider Funds
A Standard & Poor's Depositary Receipt, or SPDR, is a type of exchange traded fund that began trading on the American Stock Exchange (AMEX) in 1993 when State Street Global Advisors' investment management group first issued shares of the SPDR 500 Trust (SPY). Sometimes called "spiders," SPY is an ETF based on the S&P 500 Index, and each share represents an ownership interest in the 500 stocks in the S&P 500. Today, there are a number of other SPDR funds available to investors; while some track stocks based on market value, others are focused on specific market sectors.
SPDR exchange traded funds are issued by State Street Global Advisors and are designed to track indexes or benchmarks.
Mutual Funds
Mutual fund shares are created and redeemed by a mutual fund company.