Published on 5 Mar 2024 on etf.com via Yahoo Finance
VOO Topped February Inflows; SPY Lead Outflows
VOO Topped February Inflows; SPY Lead Outflows
Vanguard's VOO, the third-largest U.S. ETF, brought in the most investor money among all exchange-traded funds last month, while it's cousin and world's biggest ETF, State Street's SPY, had the biggest outflows.
The seeming contradiction of a pair of S&P 500 index funds moving in opposite directions in terms of flows may signal investors are leaning toward believing that markets are poised to slow after a 30% gain over the past year.