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Vanguard Beats BlackRock Winning Most ETF Money This Year

Vanguard Group Inc., the third-biggest provider of exchange-traded funds, gained ground on larger competitors this year after gathering more than seven times as much money into its ETFs than the rest of the U.S. industry combined.

Vanguard attracted $13.1 billion, or almost 90 percent of the money gathered by all U.S. ETFs in the quarter ended March 31, according to data compiled by Bloomberg. Clients pulled a net $18.3 billion from ETFs run by State Street Corp., including $19 billion from the SPDR S&P 500 ETF Trust, known as the Spider.