The proximate cause: SPY charges a comparatively beefy 10 basis points versus just 3 for its younger clone known as the $15 billion SPDR Portfolio S&P 500 exchange-traded fund (SPLG).A similar dynamic has also hit big-name ETFs investing in everything from Big Tech stocks and high-yield credit
FIIs on sidelines due to high valuations despite macro strength: Jitendra Gohil
Kotak Alternate Asset’s Jitendra Gohil anticipates heightened competition across Indian sectors due to government initiatives and reduced business costs, potentially pressuring earnings despite strong macro