CIC holds $2.4bn in ETFs as institutional uptake rises

In its Capital Insights report, the firm says the $300bn Chinese sovereign wealth fund's investment in ETFs, which represents 25% of its total amount invested in US-listed securities, shows how ubiquitous and growing the use of ETFs is among institutions. SSgA says since it launched the SPDR S&P 500 in 1993 as a cash equitization vehicle for institutional investors, the range of uses for these funds has really expanded and evolved. Although ETFs are used most widely by investment advisers and hedge funds, SSgA says insurance companies, pension funds and endowments are increasingly ado...