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Market Shares of Leading ETF Sponsors
Richard Shaw (May 19th, 2008) Writes:
The ETF market is looking crowded in terms of numbers and diversity of funds, and the number of ETF sponsors. However, the market shares are highly concentrated with a steep gradient of fund sizes and sponsor market shares.
As of April (according to score keeping by Vanguard) the top ETF sponsors by asset market share were:
#1 Barclays: 53.0% (iShares & iPathETNs) http://www.ishares.com http://www.ipathetn.com
#2 State Street: 24.8% share (SPDRs) http://www.ssgafunds.com
#3 Vanguard: 8.0% share (Vangurd) http://www.vanguard.com
#4 Invesco: 6.5% share (Power Shares) http://www.invescopowershares.com
#5 ProFunds: 2.8% share (ProShares) http://www.proshares.com
#6 Merrill Lynch: 1.1% share (Holders) http://www.holdrs.com
#7 Rydex: 1.0% share (Rydex Funds & Currency Shares) http://www.rydexfunds.com http://www.currencyshares.com
The top four sponsors have 92+% market share. The top seven sponsors have 97+% share. All the rest divide less than 3% between them.
Richard
...Amp, Asset Market, Barclays, Current Market News, Diversity, ETF, Group Llc, Invesco, Ipathetn, ishares, Market Share, Market Shares, Merrill Lynch, Power Shares, Profunds, Qvm, Richard Shaw, Share Holders, Share Power, Steep Gradient, Stocks to Watch, Vanguard
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