Outflows amounted to 8% of the fund’s total assets at the start of the week, a rate of withdrawals not seen since August 2010. Outflows amounted to 8% of the fund’s total assets at the start of the week, a rate of withdrawals not seen since August 2010. Prior to this recent market tumult, extreme enthusiasm for US equities had propelled the fund’s total assets above $300 billion. Flows activity in similar S&P 500 exchange traded funds offered by BlackRock and Vanguard was much more muted last week. The iShares Core S&P 500 ETF (ticker IVV) actually took in $634.5 million, while the Vanguard S&P 500 ETF (ticker VOO) saw only a modest $209 million exit the fund.

Source: Mint February 12, 2018 06:22 UTC