This ETF Would Have Tripled Your Money Over the Past 10 Years -- and It's Still Soaring
Is its current momentum worth investors hopping on the train?
Overview
It doesn't take investing in a once-in-a-generation investment to make money in the stock market. Plenty of people have done so by investing in a handful of broad ETFs that take much of the thought out of investing. It doesn't get much attention, but the iShares Russell 2000 ETF (NYSEMKT: IWM) has been quietly delivering impressive returns over the past decade.
Over that period, IWM's total returns (which include dividends) are 194%, meaning an investment would have nearly tripled. Had you invested $1,000 10 years ago, it would be worth $2,940 as of market close on July 2. And while past results are appreciated by those who were along for the ride, the good news is that momentum is still going, with IWM up over 19% this year -- far outpacing indexes like the S&P 500, Nasdaq-100, and Dow Jones Industrial Average.
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Originally published at www.fool.com.