Worst Outflows for SPY as QQQ Loses Most Since Dot-Com
- Investors ditched largest ETFs during January stock drama
- Monday rally met with biggest SPY exit in almost four years
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The world’s biggest exchange-traded fund posted its worst monthly outflow in its near three-decade history with investors selling the Monday stock rebound en masse.
The $407 billion SPDR S&P 500 ETF Trust, known by its ticker SPY, in January saw its biggest redemption since launching in 1993, according to data compiled by Bloomberg, underscoring weeks of turmoil in U.S. large-cap companies.