One of Warren Buffett's favorite ETFs attracts $100B for first time
Published On Nov 29, 2024, 11:47 AM
Warren Buffett's favorite ETF, Vanguard's S&P 500 ETF (VOO), has recently surpassed $100 billion in net cash flow for the first time. The ETF aims to track the performance of the S&P 500 Index and has gained popularity among retail investors due to its low expense ratio of 0.03%. Currently, the S&P 500 is up 27% this year, reflecting a strong market performance. Vanguard's model focuses on benefiting shareholders without divided loyalties, making it attractive for long-term investors. VOO, which was launched in 2010, now boasts $588 billion in assets.
Stock Forecasts
VOO
Positive
The significant inflow of funds into VOO demonstrates growing investor confidence in the ETF, particularly in the context of a rising S&P 500. The solid performance of the U.S. economy, coupled with Vanguard's reputation and commitment to low fees, reinforces the ETF's position as a robust investment option. The track record of both VOO and the S&P 500 suggests a continued bullish outlook for the ETF as it attracts more long-term investors.
Related News
US governors ranked on fiscal policy — here are five best
Oct 16, 2024, 6:00 AM
A new report ranks America's governor's according to their fiscal policies. The top five are all Republicans, and Iowa Gov. Kim Reynolds ranks No. 1 for the second straight time.
Will Social Security Be There for Millennial and Gen-Z Workers?
Oct 11, 2024, 12:09 PM
Despite fears about long-term solvency, millennials and Gen Z workers have a major stake in the program.
Amazon and UK government at odds over working from home - who is right?
Sep 21, 2024, 7:51 PM
Amazon is ordering its staff back to the office five days a week, but the UK government is promoting flexible working.