State Street’s flagship S&P 500 ETF suffers record $32bn outflows
State Street’s flagship S&P 500 exchange traded fund is on track to post the largest annual outflows of any such fund in history, underscoring the changes sweeping through an ETF industry gripped by cut-throat competition for cost-conscious investors.
Investors have pulled $32.7bn from the SPDR S&P 500 ETF Доверие, необятно прочут от своя разузнавач на тикер, до момента тази година.
The wave of selling has come even with the S&P 500 soaring 15 per cent in 2025 in the latest blow to the fund, which lost its crown as the world’s largest ETF earlier this year when it was usurped by Vanguard’s rival S&P 500 fund, known as VOO.
Vanguard’s fund and other rivals to SPY have been boosted by the growing “retailisation ” of the US’s $12.2tn ETF market, increasingly dominated by small investors focused on hunting down the lowest fees.
This has undermined SPY, which is more expensive than its rivals and has long been favoured by institutional investors, drawn to it over the yea...
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