The SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) has quietly become one of the largest low-cost vehicles for owning the U.S.
The State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) spent most of its life as the quiet cost-cutter in State Street's lineup, a two-basis-point wrapper for the same 500 stocks everyone else was buying.
The government is depositing $1,000 into children's accounts -- and billions more are flowing in from employers and philanthropists. But only kids with accounts set up can receive it.
For a 28-year-old funding a
The launch of federally seeded child investment accounts, informally dubbed “Trump Accounts,” has parents scrambling to pick a single ultra-low-cost equity ETF to hold for 18 years.
Trump Accounts launch July 4 with the State Street SPDR Portfolio S&P 500 ETF as the default investment. The Treasury Department plans to add more low-cost index fund options soon.
The S&P 500 Index has pulled back in the past few days, moving from the year-to-date high of $7,618 to $7,400. This retreat has happened amid profit-taking among investors and as US bond yields jumped following last week's strong jobs numbers.
The State Street SPDR Portfolio S&P 500 ETF (SPYM) was launched on November 8, 2005, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Blend segment of the US equity market.
The S&P 500 median company is currently overvalued by 8% vs. historical averages, with quality scores marginally above baseline. Energy leads in both value and quality scores; real estate and healthcare sectors are also notably undervalued relative to 11-year averages. Recent performance highlights significant mega-cap bias, with SPYM's 12-month total return at 29.9% compared to 20.4% for the equal-weighted index.
SPYM offers a cost-effective, liquid way to track the S&P 500, with a 0.02% expense ratio and $136 billion AUM. The S&P 500 median company is currently overvalued by 10% versus 11-year historical averages, with quality scores just above baseline. Energy leads in both value and quality; real estate and healthcare are undervalued, while materials, technology, industrials, and utilities are notably overvalued.
A look at ETF flows for the month of March suggests caution is back in vogue. Fixed income ETFs showed serious muscle in the asset gathering race last month, capturing nearly 45% of net creations.
If you're interested in broad exposure to the Large Cap Blend segment of the US equity market, look no further than the State Street SPDR Portfolio S&P 500 ETF (SPYM), a passively managed exchange traded fund launched on November 8, 2005.