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Mystery Surrounds $7 Billion Outflow From Vanguard S&P 500 Fund
A record outflow from one of Vanguard Group’s biggest exchange-traded funds is stirring speculation over who was behind it and why.
More than $7 billion was pulled from the $172 billion Vanguard S&P 500 ETF (VOO) on a single day this week, according to data compiled by Bloomberg, about 4% of the fund’s assets. But trading volumes were below the one-year average and there were no obvious outsized transactions, while the U.S. equity benchmark rose on the day -- making a mass exodus less appealing.
2017
Wealth is an important indicator of economic well-being that provides valuable insights into a household’s economic health. For example, during financial hardships, such as unemployment, illness, or divorce, wealth is a source of liquidity to pay expenses and bills. This brief uses the Survey of Income and Program Participation to examine household wealth in 2017.
Coronavirus Updates : NPR
U.S. employers sharply scaled back their hiring last month as the coronavirus pandemic put new pressure on restaurants, retailers and other businesses.
The Labor Department said Friday that employers added just 245,000 jobs in November, down from a revised 610,000 in October.