State Street Loses Ground in ETF Race
In This Article:
In this episode of the Advisor Insider podcast, etf.com wealth management editor Jeff Benjamin talks with Morningstar senior manager research analyst Ryan Jackson about the investment flow trends he is seeing in the asset management space.
Spoiler alert, ETFs are raking in money flowing out of mutual funds, but mutual funds are a long way from finished.
For the month of September, ETFs saw $95 billion worth of net inflows, which compares to nearly $70 billion for August, but is still not a record.
Among the big three ETF issuers, number three State Street Global Advisors needs a strong fourth quarter to avoid its worst year for inflows since 2018.