Growth Stock ‘Nirvana’ Gives ETF Record Inflow
- SPYG sees record monthly inflows, with $630 million in March
- Tech-heavy fund beats value counterpart by 2 percentage points
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The best quarter for U.S. stocks in a decade has come to a close, but signs are emerging that appetite for risk may have room to grow.
It’s apparent in the rush of investors trying to get access to growth stocks, a strategy that got pummeled in the fourth-quarter meltdown. The $4.54 billion SPDR Portfolio 500 Growth ETF, ticker SPYG, took in nearly $630 million in March -- the largest monthly inflow on record for the almost 19-year-old fund.