List of US ETF providers

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List of US ETF providers is alphabetical, but can be sorted according to year of entry into the marketplace. The table contains, where available, links to each provider's website, as well as links to a provider's ETF.com page. These links provide information regarding each provider's range of offerings, expense ratios, and access to factsheets, prospectuses, annual reports and additional information.

The marketplace

Since the first issuance of an exchange-traded fund (the SPYDER S&P 500 ETF) on the American Stock Exchange in 1993, there has been steady growth in the number of firms providing ETFs in the U.S. market. At year end 2018, ETF's in the U.S. totaled 2057 funds holding 3.371 trillion dollars in net assets. [note 1]

The ETF marketplace is quite active, with new firms frequently entering and leaving (through acquisition, merger or liquidation) the marketplace. In terms of net assets under management, the U.S. marketplace is dominated by the large ETF providers (Blackrock, State Street, and Vanguard).[note 2]Some providers specialize in offering exchange-traded notes (ETNs) or funds-- primarily those specializing in commodities or currencies-- that are held in master limited partnerships (LP). These forms of organization possess additional risks to the potential shareholder (credit risk with ETNs and tax complications with LPs). Firms specializing in these instruments are footnoted.

ETF Providers [1]
ETF Provider Year of Entry Website ETF.com
Aberdeen Asset Management 2009 link link
Active Weighting Advisors 2017 link link
Advisors Asset Management 2017 link link
AdvisorShares 2009 link link
Allianz[2] 2009 link link
Alpha Architect 2014 link link
AlphaMark Advisors 2015 link link
ALPS 1995 link link
American Century 2018 link link
Amplify 2016 link link
Aptus Capital Advisors 2016 link link
ARK 2014 link link
Arrow Investment Advisors 2012 link link
Aware Asset Management 2019 link link
Barclays Bank PLC[3] 1993 link link
BlackRock [4] 1993 link link
BMO 2016 link link
Cambria 2012 link link
Cboe Vest Financial 2018 link link
Change Finance 2017 link link
Charles Schwab 2009 link link
CitiGroup[5] 2010 link link
ClearShares 2017 link link
Columbia 2011 link link
Credit Suisse [6] 2010 link link
CSOP 2015 link link
Cushing 2018 link link
Davis 2017 link link
Defiance ETFs 2018 link link
Deutsche Bank 2006 link link
Distillate Capital Partners 2018 link link
EntrepreneurShares, LLC 2017 link link
EquBot 2017 link link
ETF Managers Group 2015 link link
Exchange Traded Concepts 2014 link link
Exponential ETFs 2016 link link
Fidelity 2015 link link
First Trust 1993 link link
FQF Trust 2011 link link
Franklin Templeton Investments 2013 link link
Gadsden 2018 link link
Goldman Sachs 2007 link link
GraniteShares 2015 link link
Hartford 2015 link link
Highland Capital Management 2012 link link
Hoya Capital Real Estate 2019 link link
Impact Shares 2018 link link
Innovator Capital Management 2014 link link
Invesco 2006 link link
Janus Henderson 2016 link link
John Hancock 2003 link link
JPMorgan 2015 link link
KraneShares 2009 link link
Legg Mason 2015 link link
Little Harbor Advisors 2018 link link
Merk 2014 link link
Metaurus Advisors 2018 link link
Millington Securities Inc 2013 link link
Mirae Asset Global Investments 2010 link link
Montage Managers 2015 link link
Morgan Stanley [7] 2008 link link
Nationwide Fund Advisors 2017 link link
Natixis 2017 link link
New York Life 2006 link link
Northern Lights 2017 link link
Northern Trust 2011 link link
Nuveen 2016 link link
OBP Capital LLC 2017 link link
OppenheimerFunds 2011 link link
Pacer Financial 2004 link link
Pacific Global ETF 2019 link link
PGIM Investments 2018 link link
Point Bridge Capital 2017 link link
Premise Capital 2016 link link
ProcureAM 2019 link link
ProShares 2006 link link
Rafferty Asset Management[8] 1997 link link
Reality Shares 2014 link link
Redwood Investment Management 2018 link link
Regents Park Funds 2018 link link
Renaissance Capital 2013 link link
RYZZ Capital Management 2019 link link
Sage Advisory Services 2017 link link
Salt Financial 2018 link link
SL Advisors 2017 link link
SS&C 2010 link link
State Street Global Advisors 1993 link link
Strategy Shares 2012 link link
StrongVest 2017 link link
Swedish Export Credit[9] 2007 link link
Syntax 2019 link link
Teucrium 2010 link link
The Principal Financial Group 2015 link link
The RBB Fund 2018 link link
Tidal ETF Services 2019 link link
TigerShares 2018 link link
Transamerica 2017 link link
TriLine Index Solutions 2018 link link
TrimTabs Asset Management 2015 link link
UBS 2010 link link
US Commodity Funds[10] 2006 link link
US Global Investors 2015 link link
USAA Asset Management 2017 link link
USCF Advisers 2014 link link
Validea Capital Management 2014 link link
VanEck 2006 link link
Vanguard 2001 link link
Victory Capital Management 2015 link link
Virtus 2015 link link
Whitford Asset Management 2018 link link
WisdomTree 2006 link link

Notes

  1. ICI:2019 Factbook
    Number of ETFs and Total Net Assets (Billions of Dollars)

    (View Google Spreadsheet in browser, then File --> Download as to download the file.)
  2. The bulk of ETF assets are held by dominant providers. The table below provides the top 20 US providers, measured by assets under management. Assets under management, as of the end of the fourth quarter 2018, derived from ETF.com. Daily updates to ETF providers' AUMs are available at ETF League Tables, ETF.com.
    ETF-AUM
    Firm AUM ($mm)
    Black Rock 1,715,794.84
    Vanguard 1,145,108.10
    SSgA 715,833.30
    Invesco PowerShares 222,549.50
    Charles Schwab 163,533.87
    First Trust 85,686.64
    Wisdom Tree 43,103.54
    Van Eck 43,103.54
    ProShares 34,608.39
    JP Morgan 32,712.50
    PIMCO 21,874.31
    Goldman Sachs 17,134.31
    Northern Trust Flex-Shares 16,442.05
    X-Trackers 16,442.49
    Fidelity 16,298.42
    Direxion 14,030.22
    Global X 12,224.91
    Alerian 7,979.29
    Pacer 5,630.74
    Victory Shares 5,340.73

See also

References

  1. ETF providers derived from ETF League Tables
  2. Allianz distributer PIMCO ETFS
  3. Barclays Bank PLC offers ETNs.
  4. Blackrock distributes ishares
  5. Citigroup offers ETNs.
  6. Credit Suisse issues ETNs.
  7. Morgan Stanley ceased issuing new notes in 2015. Press statement
  8. Rafferty Asset Management issues Direxion ETFs
  9. Swedish Export Credit issues ETNs.
  10. US Commodity Funds offer both ETFs and MLP's.

External links