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$4 Trillion Stock Rebound Spurs Cash Surge Into World's Biggest ETF

$4 Trillion Stock Rebound Spurs Cash Surge Into World's Biggest ETF

The market’s quick turnaround this year that has added $4 trillion in value to the S&P 500 is beginning to unleash a surge of cash into exchange-traded funds (ETFs), and also into funds focusing on growth stocks. The biggest beneficiary has been the world's largest ETF, the SPDR S&P 500 ETF Trust (SPY), which tracks the 500 stocks in the benchmark index.