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.

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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.

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