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Money Flowing Amid Selloff With S&P ETF Getting $7.6 Billion

Whatever the cause of this week’s spasm in stocks, it’s failing to end investors’ affinity for the biggest American companies.

The SPDR S&P 500 ETF Trust, the exchange-traded fund tracking the benchmark gauge for U.S. equities, saw $7.6 billion in deposits this week through yesterday, according to data compiled by Bloomberg. That includes $6.1 billion on July 30 -- the most since September 2011 -- which arrived a day before the Standard & Poor’s 500 Index dropped 2 percent for the biggest slump since April.