13.01.2014 - 2013 ETF race for investors
BlackRock pipped its arch rival Vanguard to the winning post as the race between exchange traded fund (ETF) providers for investors’ cash in 2013 culminated in a photo finish. Less than $1 billion of inflows separated the first- and third-largest ETF providers by assets respectively, after a year in which Wall Street’s surge to an all-time high provided a significant boost to many US ETF managers. In comparison, growth for European-based ETF managers was disappointing as they lost market share to their US rivals........................................Full Article: Source
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