In today’s ETF Fund Flows recap we speak about two broad based U.S. Equity products that have had strong Octobers thus far in terms of attracting new assets via creation flows.
The $86 billion VTI (Vanguard Total Stock Market, Expense Ratio 0.04%) which is actually the third largest ETF in the U.S. listed landscape in terms of asset size behind IVV (iShares Core S&P 500, Expense Ratio 0.04%) and SPY (SPDR S&P 500, Expense Ratio 0.09%) has sported an impressive October thus far in reeling in over $500 million in assets while competing ETF from iShares ITOT (Core S&P Total U.S. Stock Market, Expense Ratio 0.03%, $11.7 billion in AUM) has fared well itself this month (>$380 million in).
One fact that cannot be overlooked when it comes to these two ETFs is the reality that they are also dirt cheap in terms of their expense ratios and among the lowest cost ETFs in the U.S. ETF universe period. As many in the industry, especially when concerning institutional investors and plans that have not traditionally invested in ETFs, have commented in the past couple years, there is an active search for “the lowest cost exposure” in many asset segments so these asset flow trends are not surprising.
The Vanguard Total Stock Market ETF (VTI) was trading at $131.48 per share on Monday morning, up $0.12 (+0.09%). Year-to-date, VTI has gained 15.05%, versus a 15.23% rise in the benchmark S&P 500 index during the same period.
Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF Daily News may edit the contents and add a relevant title to the piece, the author, Paul Weisbruch, does not endorse or recommend any issuer or security mentioned herein.
About the Author: Paul Weisbruch
Paul Weisbruch is the VP of ETF/Options Sales and Trading at Street One Financial. Prior to joining the team at Street One, Paul served as the Director of RIA and Institutional ETF Sales at RevenueShares ETFs from December 2007 until November of 2009. Before RevenueShares, Paul was employed by Susquehanna International Group from 2000 until 2007 serving in roles including OTC/NYSE Institutional Block Trading, Nasdaq/OTC Market Making, ETF/Derivatives Intelligence and Strategy, Algorithmic Trading, as well as acting as the PHLX Floor Specialist in the ETFs, SPY and DIA.Paul has been actively involved in the ETF space from both a product and trading standpoint since 2000. Additionally, Paul has well forged relationships with national RIAs, institutional pension fund managers and consultants, mutual fund and hedge fund managers, and also the ETF media. Co-authoring the “S1F ETF Daily” since 2009, the daily piece has become a must for many portfolio managers in the ETF space, with segments regularly appearing in the likes of Barron’s, WSJ, and ETFTrends.com for instance.
He holds his Series 4 (Registered Options Principal), 6, 7, 55 (Equity Trader), 63, and 65 licenses. He graduated from the University of Pittsburgh (B.S. – Economics), graduating magna cum laude, and has an MBA from Villanova University.