Big three ETF issuers slip market shares for a sixth year (3 min read)
Although the big three ETF providers, Vanguard, BlackRock, and State Street, still hold about 79% of US ETF assets, their total market shares have been slipping for six straight years. Their market shares continue to get thinner as new entrants entering the market and large mutual funds converting into ETFs are on the rise. The 10 largest ETF debuts this year are from Dimensional, JPMorgan, and Goldman Sachs, with two being mutual fund conversions.