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Mystery Surrounds $7 Billion Outflow From Vanguard S&P 500 Fund

More than $7 billion was pulled from the $172 billion Vanguard S&P 500 ETF (VOO) on a single day this week, according to data compiled by Bloomberg, about 4% of the fund’s assets. But trading volumes were below the one-year average and there were no obvious outsized transactions, while the U.S. equity benchmark rose on the day — making a mass exodus less appealing.

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