Global exchange-traded funds (ETFs) witnessed the highest level of redemptions last week since June 2008, IFA Online reports. Equity ETFs saw withdrawals of $15 billion, of which $14 billion came from the U.S. and about $10 billion were in State Street Global Advisors’ SPDR S&P 500 ETF. The remaining outflows last week came from European ETFs, while emerging markets outflows were moderate at €1 billion. Fixed-income ETFs saw about $2.8 billion of inflows led by corporate bonds.

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