Vanguard S&P 500 ETF VOO Tops $1 Trillion in Assets

Created at 3 Jun · 15:57 UTC7 sources↑ Market-relevant6 events

IN SHORT

Vanguard's S&P 500 ETF (VOO) has become the first ETF to surpass $1 trillion in assets under management. The fund reached this milestone on Tuesday, driven by investor demand for low-cost U.S. equity exposure. VOO's low management fee of 0.03% has helped it overtake competitors.

Key Numbers

$1 trillionVOO assets under management

0.03%VOO management fee

$860 billioniShares Core S&P 500 ETF assets

$785 billionSPDR S&P 500 ETF (SPY) assets

1993SPDR S&P 500 ETF (SPY) launch year

Who's Involved

Vanguard Group

Asset manager whose S&P 500 ETF (VOO) reached $1 trillion

VOO

Vanguard S&P 500 ETF that hit $1 trillion in assets

BlackRock Inc.

Manager of the second-largest S&P 500 ETF (iShares Core S&P 500 ETF)

State Street Investment Management

Manager of the SPDR S&P 500 ETF (SPY)

Todd Rosenbluth

Head of research at VettaFi

Vanguard S&P 500 ETF VOO Tops $1 Trillion in Assets

Key facts

Vanguard's S&P 500 ETF (VOO) surpassed $1 trillion in assets.
VOO is the first ETF to reach this asset milestone.
The fund hit the milestone on Tuesday.
VOO has a management fee of 0.03%.

The Vanguard S&P 500 ETF (VOO) has achieved a historic milestone, becoming the first exchange-traded fund (ETF) to surpass $1 trillion in assets under management. The fund reached this landmark on Tuesday. This achievement underscores the significant growth of ETFs and passive investing strategies, particularly the demand for low-cost exposure to the U.S. equity market. VOO, known for its low management fee of 0.03%, has overtaken competitors like BlackRock's iShares Core S&P 500 ETF ($860 billion in assets) and State Street's SPDR S&P 500 ETF (SPY) ($785 billion in assets).

Vanguard S&P 500 ETF VOO Tops $1 Trillion in Assets

PiQ Daily

Key facts

Vanguard S&P 500 ETF VOO Tops $1 Trillion in Assets

PiQ Daily

Key facts

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