SPDR Portfolio MSCI Global Stock Market ETF Price & Performance (SPGM)

Recent U.S. tariff announcements have rattled both domestic and global equity funds. Major tech and consumer discretionary stocks, including Amazon and Tesla, saw double-digit declines in March. Meanwhile, energy and utilities sectors provided rare bright spots, with energy ETFs posting over 5% gains, underscoring investors’ defensive rotation amid policy volatility.12

The SPDR S&P 500 ETF Trust experienced significant redemptions at the start of April, with $6.5 billion withdrawn in a single day. This contributed to $3.2 billion in total ETF outflows, reflecting investor caution as U.S. equity funds faced the largest withdrawals, despite total ETF assets remaining stable above $10 trillion.34

Apple, Microsoft, and Nvidia lead the SPDR Portfolio MSCI Global Stock Market ETF, comprising the top three holdings as of April 10. The ETF’s diversified portfolio includes major U.S. tech firms and global giants like Tencent and Nestlé, highlighting broad exposure across sectors and geographies for global investors.56