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The Most Popular Funds Are Being Traded Like It's 2008: Chart
The Most Popular Funds Are Being Traded Like It's 2008: Chart
08 Jul 2018, 11:31 PM IST
(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.
To contact the reporter on this story: Dani Burger in London at dburger7@bloomberg.net.
To contact the editor responsible for this story: Samuel Potter at spotter33@bloomberg.net.
©2018 Bloomberg L.P.
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