November 12, 2024
Fund

The index fund cushion is an equal opportunity boost for stocks


Wells Fargo CEO Charles Scharf listens during the Milken Institute Global Conference in Beverly Hills, Calif., on April 30, 2019.

Kyle Grillot | Bloomberg | Getty Images

Credit the index funds. They sop up the cash and distribute the money like a weighted-stock trampoline, jumping in the moment of a decline, desperate money seeking a home and finding it in the S&P 500. It’s unseen because it comes in hidden over the transom. The Vanguard S&P 500 ETF alone attracted $71 billion in net inflows over the first nine months of this year, according to Morningstar. That beats the record the SPDR S&P 500 ETF Trust set in 2023 by $20 billion.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *