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SpaceX IPO: Every ETF That Will Hold SPCX — and When
etf.com107d agoneutral
SpaceX IPO: Every ETF That Will Hold SPCX — and When

<p>SpaceX is going public on June 12 — nine days from now — at a valuation of approximately $1.75 trillion, which would make it the largest IPO in history. For ETF investors, the event is unavoidable: index rules will force an estimated $22–27 billion in automatic buying from funds tracking the S&P 500 and Nasdaq-100. Here's which ETFs will hold SpaceX, when they'll buy, and what the IPO means for your portfolio.</p>

Vanguard index product becomes first ETF to top $1 trillion in assets
Reuters107d agoneutral
Vanguard index product becomes first ETF to top $1 trillion in assets

The Vanguard S&P 500 ETF, the index investing pioneer's ‌flagship exchange-traded product, became the first in ‌the history of ETFs to reach and exceed $1 trillion in assets, ​the investment firm confirmed on Wednesday. The Vanguard fund hit this milestone, the latest record in the remarkable ascent of exchange-traded funds, on Tuesday, less than 18 months after ‌overtaking State Street ⁠Investment Management's SPDR S&P 500 ETF in assets, as investors looking for broad market ⁠exposure also sought out the lowest-cost funds. VOO levies a management fee of only 0.03%, compared to 0.09% for ​the State ​Street fund, which now ​is third in the ‌three-way race between those two firms and BlackRock Inc..