The market is firmly back in bull territory, and bull markets favor growth stocks and tech stocks. That's been the case since the S&P 500 hit its bear market bottom in Oct. 2022, only to quickly rebound and reach new all-time highs this year. Many growth stocks battered by the previous downturn are soaring once again.

And one of the best proxies for these high-performing stocks is the Vanguard Growth Index Fund ETF (NYSEMKT: VUG), which follows the CRSP (Center for Research in Securities Prices) U.S. Large-Cap Growth Index. This is an index of top growth stocks, and its returns have topped the S&P 500 over most time periods. Here are three reasons to buy it right now.

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Source Fool.com