The Vanguard S&P 500 ETF Just Broke an Incredible Record. Here's What It Means for the Stock Market.
In June, the Vanguard S&P 500 ETF (VOO) became the first exchange-traded fund to top $1 trillion in assets under management (AUM).
The Vanguard S&P 500 ETF Just Broke an Incredible Record. Here's What It Means for the Stock Market.
Overview
The artificial intelligence (AI)-fueled bull market has made a lot of investors very wealthy. The Vanguard S&P 500 ETF (NYSEMKT: VOO) is easily on pace for its fourth consecutive year of double-digit gains and, since the beginning of 2023, is up 96%.
During this time, the Vanguard S&P 500 ETF has become the industry's net inflow king. Over the past three years, it's taken in a net $403 billion. That's more than twice the net inflow of the next closest fund, the iShares Core S&P 500 ETF (NYSEMKT: IVV), which has taken in around $176 billion. Roughly $1 of every $10 that's getting invested in ETFs today is in the Vanguard S&P 500 ETF.
Details
Earlier in June, the milestone that seemed inevitable for a while finally became reality: The Vanguard S&P 500 ETF became the first ETF to reach $1 trillion in assets under management (AUM).
Source
Originally published at www.fool.com.
