Is This Growth ETF a Millionaire Maker? Here's What History Suggests.
Large-cap stocks and major tech names aren't the only way to become a millionaire.
Overview
U.S. growth stocks like the "Magnificent Seven" and the artificial intelligence (AI) trade have been big moneymakers for investors in recent years. But some investors worry that large-cap growth stocks are overvalued and at risk of a downturn. What if there were another way to invest in growth stocks?
The Vanguard S&P Mid-Cap 400 Growth ETF (NYSEMKT: IVOG) could be worth considering for growth-focused investors. This exchange-traded fund (ETF) offers a portfolio of 245 stocks of mid-cap companies with a median market cap of $14.2 billion. In the past nearly 16 years since this fund's inception in September 2010, it has delivered average annual returns of 12.31%.
Details
Those returns are good enough to make you a millionaire, but there are a few important details to keep in mind. Let's look at this Vanguard ETF and see if it's a good choice for your portfolio.
Source
Originally published at www.fool.com.