Hot Money Rushes Out of BlackRock's Core S&P 500 Fund
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Hot money fled a major U.S. equity exchange-traded fund last week at a pace never seen before.
Investors yanked nearly $11 billion from BlackRock Inc.’s iShares Core S&P 500 ETF, ticker IVV, last week, its largest weekly outflow since its inception in 2000, according to data compiled by Bloomberg. That’s about three-and-a-half times the biggest prior outflow, which occurred in 2014.