FYI: Assets under management in passively managed U.S. Diversified Equity (USDE) Funds have surpassed those of actively managed funds as of August 31, 2019. The USDE funds universe excludes sector equity funds, world equity funds, and mixed-assets funds. At the end of August, passively managed USDE funds’ assets under management summed to $4.269 trillion, while their actively managed counterparts’ AUM came in slightly less than $4.172 trillion.
Two classifications within the USDE macro-group account for slightly more than half of the passively managed AUM: passively managed Multi-Cap Core Funds have grown to $1.1 trillion under management and S&P 500 Index Funds dominate with more than $1.5 trillion under management.
Five funds within the S&P 500 Index Funds classification account for more than $1.0 trillion of the AUM: Vanguard 500 Index Fund, Admiral Shares (+$290.7 billion), SPDR S&P 500 ETF Trust (+$262.2 billion), Fidelity 500 Index Fund (+$202.6 billion), iShares Core S&P 500 ETF (+$181.9 billion), and Vanguard 500 Index ETF (+$119.0 billion).
Regards,
Ted
https://lipperalpha.refinitiv.com/2019/09/passively-managed-u-s-diversified-equity-fund-assets-under-management-surpass-those-of-actively-managed-funds/?utm_source=Eloqua&utm_medium=email&utm_campaign=00008DM_NewsletterLipperAlphaInsightFundInsightsWeekly_Other&utm_content=Newsletter_FundsWeekly_30Sep2019&elqTrackId=17ee4e3829c1426ca37d9496e153a3c2&elq=aeddfe0e557f4c41a790dba61d761f1d&elqaid=54089&elqat=1&elqCampaignId=166
