Capital Group, Goldman, T. Rowe Hit ETF Milestones

That didn’t take too long. Several major asset managers are crossing asset milestones in their ETF businesses amid a record year for inflows industrywide. Capital Group’s three-year-old line of ETFs just hit a total of $100 billion in assets under management. Of course, no one comes close to BlackRock’s iShares or Vanguard, which at $3.9 trillion and $3.7 trillion are the dominant players in the market. But the rising profile of Capital Group, and other semi-recent entrants like T. Rowe Price, highlights ...