SPY ETF On Track For $500B Milestone, Boosted By S&P 500's Peak Performance, Record Inflows In 2023
Portfolio Pulse from Piero Cingari
The SPDR S&P 500 ETF Trust (SPY) is nearing a historic milestone with its AUM set to cross $500 billion, driven by the S&P 500's peak performance and record inflows in 2023. State Street Global Advisors manages SPY, which has seen a 26% increase in AUM and $37.5 billion in December inflows alone. Other S&P 500 ETFs like iShares Core S&P 500 ETF (IVV), Vanguard S&P 500 ETF (VOO), and Invesco S&P Equal-Weight ETF (RSP) have also reported significant inflows.
December 28, 2023 | 4:51 pm
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POSITIVE IMPACT
iShares Core S&P 500 ETF (IVV) has experienced its largest annual inflow, with $36.5 billion added in 2023, pushing its AUM close to $400 billion.
IVV's substantial inflows indicate a strong demand for this ETF, which is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Invesco S&P Equal-Weight ETF (RSP) has set a new annual record with $11.9 billion in inflows for the year.
RSP's record-breaking inflows for the year reflect a strong market presence and investor trust, which could lead to an uptick in its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
SPY ETF is on track to reach $500 billion in AUM, with a significant 26% increase in AUM and record inflows, particularly $37.5 billion in December.
The positive momentum and record inflows into SPY ETF suggest strong investor confidence and could lead to a continued increase in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Vanguard S&P 500 ETF (VOO) recorded $41.2 billion in inflows in 2023, marking its second-strongest year for inflows after 2021.
VOO's significant inflows, especially following a strong previous year, suggest continued investor interest that could positively influence its stock price shortly.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80