Weekly roundup: SPDR S&P 500 re-claims top spot; Finra backs gold ETFs

The SPDR S&P 500 ETF (SPY) has re-claimed its title as the world's largest ETF after it was toppled last week by the SPDR Gold ETF (GLD). GLD momentarily became the world's largest ETF as its assets reached US$77.5bn on 19 August. However, the SPDR S&P 500 re-staked its claim to the top spot this week and at close of business on 23 August, it had assets of $79.6 billion, while GLD slipped to $75.9 bn. This is likely to keep fluctuating, according to a spokesperson from State Street Global Advisors, the asset manager behind the SPDR branded ETFs. The US' Financial Industry Regulator...