Cheap-Clone ETFs Are Sucking Billions Away From Bigger Siblings
- Investors opting for less-costly ETFs across investing styles
- Deeper liquidity of older funds appeals to fast-money traders
Photographer: Witthaya Prasongsin/Moment/Getty Images
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Attracted to cheaper alternatives, a cohort of Wall Street investors are increasingly eschewing the most liquid products on the planet.
The world’s largest and famously easy-to-trade ETF -- the mighty $387 billion SPDR S&P 500 Trust (ticker SPY) -- continues to fall victim to the trend this year as money managers gravitate to its lower-cost clone.