SPY Almost Back Over $200 Billion in Assets

The 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

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.

You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)

Related posts:

1. Bullish Investors Plowed $16.8 Billion into S&P 500 ETFs in July
2. Oh, Canada! Canadian ETF Industry Rockets to $100 Billion Milestone
3. Emerging Market ETFs are on Fire with $6.2 Billion in Net Inflows in July
4. Here’s How Apple Avoids Paying $59.2 Billion in Taxes
5. IRS Slaps Facebook with Potential $5 Billion Tax Bill

Powered by WPeMatico