| The exchange traded fund industry enjoyed record-breaking growth in 2015, but it was a year to forget for the world’s third-largest asset manager, State Street Global Advisors. State Street was the only top-20 ranked ETF manager to register net outflows in 2015, raising more questions about its ability to compete against its faster-growing rivals BlackRock, Vanguard, WisdomTree and Charles Schwab.
Investors pulled $19bn from State Street’s ETFs last year, while both BlackRock’s iShares business and Vanguard attracted inflows of $139bn and $84bn respectively, according to figures from ETFGI, the consultancy...............................................Full Article: Source
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