Reported 2 days ago
Vanguard's S&P 500 ETF (VOO) has surpassed the SPDR S&P 500 ETF Trust (SPY) to become the largest exchange-traded fund globally, with total assets reaching $631.8 billion. This shift follows significant inflows of $121.1 billion into VOO last year, significantly outpacing SPY's $23.6 billion. Despite SPY's long-standing dominance, both ETFs have unique strengths, and the competition in the evolving $10.7 trillion ETF market continues. Vanguard's recent fee cuts and focus on investor interests are expected to support VOO's performance amid changing investor preferences toward active strategies.
Source: YAHOO