SPECIAL REPORT: INDEX MANAGERS
Assets under management declined at most major money managers that provide index products, but don't count out indexing yet.
Worldwide index assets managed in exchange-traded funds and exchange-traded notes totaled $6.51 trillion as of June 30, down 4.8% from a year earlier.
Worldwide indexed assets under management rose 35.9% to $20.87 trillion as of June 30, according to Pensions & Investments’ annual survey.
Worldwide indexed assets managed in ETFs/ETNs increased to $6.82 trillion, as ETFs continue to prove their usefulness.
Increased ETF use, which contributes to greater volume and liquidity, makes ETFs useful in portfolio transition management.
Worldwide indexed assets under management rose 35.9% to $20.87 trillion as of June 30, according to Pensions & Investments’ annual survey.
For the year ended June 30, indexed assets increased 5.4% to $15.35 trillion, as the COVID-19 crisis drove assets into fixed-income ETFs.
Social issues led to a heightened interest in socially conscious and sustainable investing in the U.S.
For the third year in a row, worldwide indexed assets have grown among the largest players.
Northern Trust had the highest concentration of ESG-specific assets under passive management among index managers.
