iShares S&P 500 ETF largest index fund in Europe

The US equity fund has surpassed previous market leader Lyxor ETF EuroStoxx 50, which currently has assets of around $8.3bn according to Bloomberg. iShares says it has seen inflows of more than $1bn into its S&P 500 ETF this year as the fund capitalises on investors' renewed appetite for developed markets. iShares EMEA head of sales David Gardner says: "With the S&P 500 hitting levels not seen since June 2008, the US has been a particular beneficiary of positive sentiment." BlackRock's industry reviews for the first two months of this year give some indication of the level of this ...