Prediction: Vanguard's S&P 500 ETF Will Be Back Above $1 Trillion in Assets Before the Year Is Out. Here's the Math.
A 2% gain puts the fund back at a level no other ETF has ever reached. Here's how it gets there.
Overview
Earlier this summer, the Vanguard S&P 500 ETF (NYSEMKT: VOO) held a title no ETF had ever claimed. In early June, it became the first exchange-traded fund in history to cross $1 trillion in assets.
Then the market pulled back, and the milestone slipped away. As of Friday's close, the fund held about $979 billion, with its shares at $686.65. Even after a two-day rally to close out July, the fund sits roughly $21 billion shy of the line.
Details
But I don't think the fund stays below the line for long. My prediction is that the Vanguard S&P 500 ETF finishes the year back above $1 trillion. And the case rests on arithmetic more than on optimism.
Source
Originally published at www.fool.com.
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