Here’s why money is draining from the stock market’s biggest ETF
Are investors rupture of affection with the market’s 1st and most generally used exchange-traded fund? The SPDR S&P 500 ETF Trust SPY, +0.17% has seen large outflows this year, whereas different S&P 500-tracking funds from different suppliers have seen a flurry of latest investors, in some cases growing by regarding 100 percent in size. Outflows have destroyed $7.69 billion for the SPDR fund up to now this year, per FactSet information , out and away the foremost of any ETF. (In second place is that the iShares Russell 2000 ETF IWM, +0.08% with $2.57 billion in outflows.) Among its peers, the Vanguard S&P 500 ETF VOO, +0.17% has had inflows of $8.69 billion, whereas the iShares Core S&P 500 ETF IVV, +0.15% had quite doub...