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As ETFs explode in popularity, industry pioneer State Street lags

Posted on 27 January 2016

State Street Corp, the company behind the first and best-known U.S. exchange traded fund, reported a record $22.8 billion in estimated withdrawals in 2015, even as sales for the broader ETF industry were strong.
Moreover, its flagship fund - the SPDR S&P 500 ETF - did the worst, losing $39 billion to withdrawals while a competing Vanguard ETF took in $12 billion, according to Lipper. Since its founding in 1993, State Street’s so-called “Spider” has been the largest ETF to package every stock in the S&P 500. ……………………………………….Full Article: Source


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