(Adds detail on ETF)
By Trevor Hunnicutt
NEW YORK, March 2 Investors flooded the world's
largest exchange-traded fund on March 1 with the most new cash
in more than two years, a spokesman said on Thursday, as they
raced to capture gains in a soaring market.
The SPDR S&P 500 ETF (SPY) attracted $8.2 billion on
Wednesday, the largest inflows since December 2014 and the ninth
largest figure of all time for the fund, according to the
The $241 billion fund, which tracks the closely watched S&P
gauge of big U.S. corporations, was launched in 1993.
The Dow Jones Industrial Average on Wednesday soared
past the 21,000 mark for the first time as investors took a
brighter view of economic growth prospects after U.S. President
Donald Trump's first speech to Congress and as U.S. Federal
Reserve officials suggested they may consider raising interest
rates this month.
(Reporting by Trevor Hunnicutt; Editing by Chizu Nomiyama and