News
High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.
<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>
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..