A seismic shift is currently underway among the world's largest exchange-traded funds (ETFs), which could redefine the landscape of the ETF universe.
TheSPDR S&P 500 ETF Trust(NYSE:SPY), the largest ETF globally with over $500 billion in assets under management, experienced significant outflows since the beginning of the year.
In contrast, its lower-cost peers, especially theVanguard S&P 500 ETF(NYSE:VOO), saw an influx of investments.
What's driving this trend?
Outflows From SPY ETF On The Rise
TheSPDR S&P 500 ETF Trust witnessed outflows totaling $28 billion since the year's start, according to...
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