Where Will This Vanguard ETF, Loaded With Nvidia and Broadcom, Be in 10 Years?
The Vanguard Information Technology ETF has delivered strong returns over the last 10 years.
Overview
The Vanguard Information Technology ETF (NYSEMKT: VGT) has delivered a monster 24% annualized return over the last decade. If the fund maintains its pace over the next 10 years, it would grow from today's price of around $120 a share to more than $1,000 per share.
The fund's past performance doesn't guarantee similar returns in the future. However, the Vanguard Information Technology ETF's heavy allocation to AI semiconductor giants Nvidia and Broadcom bodes well for its future return potential.
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Details
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.