Boston, MA 07\/25\/2013 (wallstreetpr) –\u00a0SPDR S&P 500 ETF Trust\u00a0(NASDAQ:SPY) has been performing better with more than seventy five percent of the companies reporting higher than what analysts had\u00a0 estimated. The gains on the index were reported to be almost 18.6%.<\/p>\n
SPY gained more, with its assets reaching an all time high of almost $150 billion. The assets under its management attracted $10.3 billion this month with the assets now reaching $149.7 billion. SPY on a whole is preferred over other existing S&P 500 ETF\u2019s for its set up as unit investment fund. They are expected to replicate its index and are restrained from lending the underlying shares to other firms. SPY follows S&P 500 very closely with Beta 1. The volume traded is also 50-100 times that of other S&P 500 ETF\u2019s. The volumes traded on Vanguard S&P 500 ETF were 0.29M as on closing of July 24, 2013, where the volume traded on the same date on SPY was 27.2M. Other ETF\u2019s cater to derivatives and portfolio lending to earn additional profits. <\/strong><\/p>\n SPY is said to be outperforming other funds like PowerShares QQQ Trust Funds, the reason being underperformance by large cap tech companies as they are missing critical earnings. The gains in tech portion of SPY reported to be 8.5% which was relatively less than the cumulative gains of 18.6%. Till date, approximately 17 tech companies have reported their second quarter earnings, with 3.6% weaker returns than what analysts had estimated. Companies like Google and Microsoft also reported below the expected marks. These leave discouraging trends for the tech sector as a whole as non tech companies continue to deliver better.<\/p>\n SPY traded on July 24, 2013 to close at $168.55, nearing its 52 week high of $169.85. SPY is projected to gain higher with non-tech companies expected to perform better.<\/p>\n","protected":false},"excerpt":{"rendered":" Boston, MA 07\/25\/2013 (wallstreetpr) –\u00a0SPDR S&P 500 ETF Trust\u00a0(NASDAQ:SPY) has been performing better with more than seventy five percent of the companies reporting higher than […]<\/p>\n","protected":false},"author":32,"featured_media":8841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[2955,2954],"stock_ticker":[],"class_list":["post-8840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nasdaqspy","tag-spdr-sp-500-etf-trust-nasdaqspy","entry"],"acf":[],"yoast_head":"\n