BlackRock, Vanguard Post Big Gains From Record ETF Inflows While State Street Loses Its Way

The global exchange-traded fund (ETF) industry witnessed incredible growth over the first four months of the year, with data compiled by ETFGI showing that investors around the world poured a record $108.8 billion in new cash into the extremely popular investment channel over the period. [1] This compares to inflows of $71.4 billion for the first four months of 2014. In fact, inflows for U.S. ETFs and ETPs (exchange-traded products) alone were an unprecedented $72.1 billion this time around. As a result, the global ETF/ETP industry swelled to a total size of $2.998 trillion by the end of April 2015...