A staggering $23.6 billion fled the world’s biggest passive investment fund, the SPDR S&P 500 ETF issued by State Street Bank, in the last week alone – Bloomberg reports. If one then adds in losses on the fund due to price falls in the stocks included in the index, the total value eliminated is $38.6 billion. Similar funds, offered by big-hitters Vanguard and Blackrock, are said to have suffered less last week.
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