U.S. ETF Inflows of $23 Billion at Risk as VIX Rises 34%
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The five-year rally that has almost tripled the value of the Standard & Poor’s 500 Index keeps pulling in investors even as signs of strain spread.
About $23 billion has flowed in U.S. equity exchange-traded funds in the past two months, according to data compiled by Bloomberg. The SPDR S&P 500 ETF Trust absorbed $6.5 billion last week, the most since December, even as the underlying gauge slid 2.7 percent and the Chicago Board Options Exchange Volatility Index, a measure of market anxiety, surged 34 percent.