SPY Almost Back Over $200 Billion in Assets

money printingThe largest ETF on earth, the SPDR S&P 500 ETF Trust (NYSE:SPY), is seeing such strong inflows recently that it’s approaching the elusive $200 billion mark once again.

The last time SPY (pronounced “spy” if you want to sound fancy) was over the $200 billion mark was back in December 2014. Since then, the S&P 500 — the index that SPY tracks — has gained only a few percentage points.

But SPY’s assets have dwindled amidst increased competition. Its two chief competitors, IVV and VOO, offer substantially lower expense ratios. As a result, they’re rapidly catching up to their older brother:

The S&P’s Big Three

ETF Total Net Assets
SPY $196.33 billion
IVV $77.29 billion
VOO $49.37 billion

All three of these funds saw big inflows in July, as investors swung strongly bullish on equities following late-June’s Brexit scare. That’s helped offset SPY’s huge outflows in 2015, which totaled $30.2 billion.

ETF demand just continues to grow, and it’s a pretty safe bet that SPY will crack that $200 billion mark again soon. The next question is, will one of its competitors do the same within the next few years, and if it does, will it come at SPY’s expense?

The SPY rose $0.46 (+0.21%) to $215.98 in Wednesday afternoon trading, and is now up about 5.9% year-to-date.

SPY-2016-08-03(2)

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