Blackrock Vs Vanguard. Magellan is the top earner thanks to their expensive fee of over 13. Markets are unpredictable and so are active funds.
Although BlackRock has a higher figure for assets under management The Vanguard Group is the largest shareholder of BlackRock shares. BLACKROCK VANGUARD. Here we find yet another curiosity as the largest shareholder of BlackRock is Vanguard.
One of the reasons for that is it just offers more ETFs and more selections than vanguard.
Vanguard has a unique structure that blocks us from seeing who the actual shareholders are. The combination of the assets under management by The Vanguard Group and BlackRock is about 17 trillion. In fairness it would be that Blackrock has a tax managed ETF in a niche where Vanguard does not. According to Simply Wall Street in February 2020 BlackRock and Vanguard were the two largest shareholders of GlaxoSmithKline at 7 and 35 of shares respectively.