The Most Popular Funds Are Being Traded Like It's 2008: Chart
(Bloomberg) -- In a sign of burgeoning anxiety, share turnover in some of the biggest exchange-traded funds is through the roof. About $3.4 trillion worth of the SPDR S&P 500 Index ETF changed hands in the six months through June -- the most turbulent first half of a year since 2008. That was echoed in the most popular high-yield credit and emerging-market ETFs as monetary policy risks, protectionism and cracks in the synchronized growth story spurred churn across assets, according to strategists at JPMorgan Chase & Co.
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