SPY Reaches $600 Billion In Assets: Oldest US ETF Hits Milestone As All-Time Highs Continue
Portfolio Pulse from Chris Katje
The SPDR S&P 500 ETF Trust (SPY) has reached $600 billion in assets under management, marking a significant milestone for the oldest U.S.-based ETF. This achievement comes amid strong inflows and all-time highs for the S&P 500. Other major S&P 500 ETFs, iShares Core S&P 500 ETF (IVV) and Vanguard S&P 500 Index Fund ETF (VOO), are also seeing substantial asset growth. The SPY's success has contributed to State Street Corporation's leading position in net inflows for September.
October 18, 2024 | 5:26 pm
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POSITIVE IMPACT
iShares Core S&P 500 ETF (IVV) is close behind SPY with $544.5 billion in assets, indicating strong inflows and investor interest.
IVV's substantial asset growth suggests strong investor interest, likely leading to positive short-term price movement.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
SPY has reached $600 billion in assets under management, reflecting strong inflows and S&P 500 all-time highs. The ETF is up 23.6% YTD in 2024.
SPY's milestone of $600 billion in assets under management indicates strong investor confidence and inflows, likely boosting its short-term price. The ETF's performance is closely tied to the S&P 500, which has been reaching all-time highs.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
State Street Corporation, manager of SPY, leads in net inflows for September with $18.4 billion, benefiting from SPY's strong performance.
State Street's leadership in net inflows is largely due to SPY's success, indicating positive sentiment and potential short-term gains for STT.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Vanguard S&P 500 Index Fund ETF (VOO) has $544.1 billion in assets, reflecting strong inflows similar to SPY and IVV.
VOO's asset growth indicates strong investor demand, suggesting a likely positive short-term impact on its price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70