State Street's S&P 500 ETF, SPY5, reached $10.3bn AUM with a fee cut from 0.09% to 0.03% and attracted $4.
State Street's S&P 500 ETF, SPY5, has reached $10.3bn AUM with a fee cut from 0.09% to 0.03%. It attracted $4.2bn since October, while the total AUM reached $502bn. The S&P 500 index gained 2.1% on 22nd Feb. Barclays increased its S&P 500 year-end target from 4,800 to 5,300, citing a rally in the first two months of the year. Morgan Stanley raised its year-end MSCI Europe target to 2,230 due to the AI boom, increased deals, and hopes of a soft US economy landing.
February 27, 2024
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