In the Margins

SPDR ETF hit by record redemptions

February 8, 2018

By Bloomberg

Money managers withdrew a record $17.4 billion from the SPDR S&P 500 ETF over the past four trading sessions. The $8 billion redeemed on Tuesday alone was the third-largest daily withdrawal in the post-crisis era. The last time redemptions were close to matching this frenetic pace was in late 2007, when cracks in U.S. equities began to show before the global financial crisis unfolded. Read the original story from Bloomberg.

 

 

Most Read

10 Things
10 Things...to read in summer 2024

It's the Summer Solstice, and that means that for most of us the sun is shining, temperatures are heating up, and longer days allow for pursuits ...

Top of the Agenda - Compensation
Fund board pay increases in 2023, MPI survey says

Independent mutual fund directors saw an increase in compensation in 2023, on average, although actual compensation levels and percentage adjustments in compensation continue to vary widely ...