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Record $23 Billion Flees World's Largest ETF: (SPY)

TedTed
in The Bullpen
FYI: Investors actively abandoned the world’s biggest passive fund during the onset of market mayhem.

The SPDR S&P 500 exchange-traded fund (ticker SPY) suffered a record $23.6 billion in outflows last week amid the worst momentum swing in history for the underlying U.S. equity benchmark.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-02-12/record-23-billion-flees-world-s-largest-etf-as-panic-reigns?srnd=etfcenter
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