Subscribe

State Street delays shaking up world’s biggest ETF

market screen

The asset manager is postponing rebalances on the SPDR S&P 500 ETF and almost 60 other funds

State Street Corp. is delaying rebalances of some of its biggest ETFs amid the coronavirus-fueled market turmoil.

The $256 billion SPDR S&P 500 ETF Trust (SPY) is among almost 60 products tracking S&P Dow Jones indexes that are affected, according to an April 8 letter sent to specialist t

Subscribe or log in to read the rest of this content.

Related Topics: ,

Learn more about reprints and licensing for this article.

Recent Articles by Author

Ether ETF aspirants take the starting blocks ahead of anticipated July approval

Earlier whispers of a fourth-of-July greenlight now look premature as the SEC gives applicants a new deadline.

Hints of jobs slowdown put Fed on the alert

Hints of impending weakness in the labor market add to the central bank's list of risks to manage.

Wall Street weighs impact on bonds if Trump wins

Strategists urge investors to hedge against inflation.

More American homeowners locked into mortgage rates above 5%

Older loans at lower rates are being replaced by costlier borrowing.

Take profits on five-year Treasuries now says JPMorgan

Selling pressures are elevated due to multiple risk events.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print