From Yahoo Finance: 2025-04-17 17:00:00

State Street Corp. (SST) reported a sharp drop in first-quarter net flows into its ETFs, with just $1 billion compared to $65 billion in the previous quarter. Investors pulled $20.1 billion from the SPDR S&P 500 ETF Trust (SPY), losing its title as the largest ETF to Vanguard S&P 500 ETF (VOO).

State Street’s fixed-income and alternative investment ETFs brought in $9 billion and $8 billion in net flows, respectively, offsetting the $16 billion in net outflows from its equity ETFs. The U.S. ETF industry’s overall inflows dipped 32% to $291 billion during the quarter, but still jumped 41% from the previous year.

Despite trailing competitors BlackRock Inc. (BLK) and JPMorgan Chase & Co. (JPM), State Street’s ETF performance saw total net inflows of $1 billion. JPMorgan reported a 39% increase in first-quarter assets in its ETF business, with inflows surging into its biggest funds like JPMorgan Equity Premium Income ETF (JEPI) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).

Vanguard S&P 500 ETF (VOO) with $583.6 billion in assets charges a 0.03% management fee, one-third of SPY’s 0.09%. SPY is popular with institutional investors due to its trust structure, while VOO is open-ended. iShares Core S&P 500 ETF (IVV) briefly surpassed SPY, pulling in $21.8 billion over the quarter.



Read more at Yahoo Finance: State Street Sees $16 Billion Flow From Equity ETFs in Q1