The liquidation went smoothly. Lost the last 0.5$
It seems like an insatiable appetite for scooping up American stocks on dips has allowed the Vanguard Group ETF, tracking the S&P 500 index, to surpass the $1 trillion asset mark, becoming the first fund of its kind to hit a milestone that was previously deemed unthinkable for the ETF industry.
According to Bloomberg, an inflow of $1.7 billion during the latest trading session, for which data is available, boosted the assets of the Vanguard S&P 500 ETF (ticker VOO) to over $1 trillion. Thus, VOO — already the largest ETF in the world — now holds the first and only spot among ETFs that have crossed the $1 trillion threshold, a level reached by only a handful of open funds globally.
Its surge was driven by an impressively resilient "buy the dip" strategy that facilitated a cash influx into American stocks during wars, tariff threats, and concerns about economic growth. This inflow comes ahead of an anticipated wave of mega-IPOs this year, including SpaceX, indicating a significant volume of passive cash.
It seems like an insatiable appetite for scooping up American stocks on dips has allowed the Vanguard Group ETF, tracking the S&P 500 index, to surpass the $1 trillion asset mark, becoming the first fund of its kind to hit a milestone that was previously deemed unthinkable for the ETF industry.
According to Bloomberg, an inflow of $1.7 billion during the latest trading session, for which data is available, boosted the assets of the Vanguard S&P 500 ETF (ticker VOO) to over $1 trillion. Thus, VOO — already the largest ETF in the world — now holds the first and only spot among ETFs that have crossed the $1 trillion threshold, a level reached by only a handful of open funds globally.
Its surge was driven by an impressively resilient "buy the dip" strategy that facilitated a cash influx into American stocks during wars, tariff threats, and concerns about economic growth. This inflow comes ahead of an anticipated wave of mega-IPOs this year, including SpaceX, indicating a significant volume of passive cash.