SPY First ETF to Reach $500B in Assets
The milestone follows two weeks after the S&P 500 surpassed 5,000 for the first time in history.
Source: yahoo.com
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World's biggest ETF sees record $21 billion flow on stock rally
SPYs inflows coincided with several events known to increase trading activity, said Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors. Friday was the final trading day before the S&P 500 and Nasdaq 100s rebalancings went into effect, which can prompt funds managing trillions of dollars to readjust to align with new index compositions.
Source: indiatimes.com
Dividend ETF strategy misfires, wiping out billions
Investors bought dividend ETFs as a precaution amid Fed interest rate hikes, but got saddled with underperforming companies. Read on
Source: financialpost.com
Investors sent more than $60bn to exchange-traded dividend funds
Just a few months later the trade misfires.
Source: fortune.com
Billions Wiped Out as Stock-Safety Trade on Wall Street Misfires
Rather than give shelter in a stormy season, the largest dividend ETFs have been left behind by a tech-obsessed market.
Source: wealthmanagement.com