$20,000 in This Vanguard ETF Incurs a Mere $8 Annual Fee, and It Has Beaten the S&P 500 and Nasdaq Composite in 2024
Vanguard is one of the largest investment advisors and asset managers in the world. Its size allows it to charge very low fees for financial products. The Vanguard Growth ETF (NYSEMKT: VUG) has $235 billion in net assets and charges a 0.04% annual expense ratio -- which would be $94 million in fees paid to Vanguard. But for an individual investing $20,000 in the exchange-traded fund (ETF), that's just $8 in annual fees. It's a win-win situation for Vanguard and investors.
The ETF has gained more than 20% so far this year and a mind-numbing 135% over the last five years, and it continues to beat the S 500 and Nasdaq Composite. Here's why it's worth buying now.
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Source Fool.com
