Exchange-traded funds (ETFs) have been around since 1993 but actively managed ETFs didn't take off until around 2008. Since then, these funds have gained quite a following and, according to BlackRock , ETFs now make up about 12% of equity assets in the U.S. Data suggests that ETFs will likely grow their share of equity assets in the coming years.
The Vanguard Growth ETF (NYSEMKT: VUG) , which is the largest growth ETF by net assets, suffered a catastrophic 33.2% drawdown in 2022. It was the largest calendar-year drawdown since the fund's inception in January 2004.
The valuation of the components of the Vanguard Growth ETF, combined with the fund's track record and the reliability of Vanguard, make it a compelling buy for 2023. Here's why.
For further details see:
My Top ETF to Buy for 2023 (and It's Not Even Close)