State Street

The deluge into the retail-friendly vehicles comes as the S&P posted declines in 19 of 24 days since peaking in September

The new fund is part of State Street’s larger plan to push into so-called thematics.

Some have piled into utilities and long-duration Treasury hedges, while others bulked up exposure to rate-sensitive banks and a chunk did a bit of both.

While sector holdings previously were pretty similar among issuers, distinctions as a result of the shuffle are expected to be stark.

The fund recorded its biggest inflow since inception a week before plans from the S&P and MSCI to group together internet and media stocks.

The equal-weighted nature of XBI gives the fund greater exposure to developing companies than similar products.

The SPDR fund’s assets have surged over 23% this year to a record $16 billion as the retailer inches closer to America’s second trillion-dollar company.

Investors moved nearly 2 million shares worth $55 million into two SPDR funds in a matter of hours.

Elkhorn Capital is being sued by investors who say its founder misrepresented a marketing relationship with Barclays.

State Street and Goldman Sachs are planning a series of funds that would invest in everything from robotics to deep-sea exploration.