GameStop’s business brisk amid stock price madness, Wall Street hedge fund closures [The Philadelphia Inquirer]
Jan. 29 For the last 2 1/2 weeks, a band of small investors has been bidding up GameStop shares in a bid to punish the hedge fund titans who had bet on the retailer’s demise. The effort was shockingly successful: The stock rose more than 17 times by the market’s close on Wednesday.
But that support began to crumble Thursday as such brokerages as TD Ameritrade, Charles Schwab, E-Trade, Interactive Brokers, and most notably, Robinhood, limited access to trading in GameStop shares, causing its stock to plummet 44% just on Thursday, from $347 to $193 a share. The stock is still up 927% for the year.
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NEW DELHI: A Vanguard Group equity fund has become the first of its kind to eclipse $1 trillion of assets, a testament to the rise of index-based investing over the past three decades.
Vanguard Total Stock Market Index Fund, which includes both a mutual fund and an exchange-traded fund, had $1 trillion of assets as of November 30, company data show.
“Given that Vanguard birthed index investing, it seems only fitting that one of their flagship funds would be the first to reach this historic mark,” said Nate Geraci, president of the ETF Store, an investment advisory firm.
While soaring US stocks are fueling the fund, it’s also being bolstered by falling fees, a trend stoked by Vanguard, a pioneer in low-cost passive investing.
Vanguard Total Stock Market Index Fund Becomes World’s First Trillion Dollar Stock Fund
Posted on 12/16/2020
Vanguard Total Stock Market Index Fund, which includes both a traditional open-ended mutual fund and an exchange-traded fund (ETF), had US$ 1,035,112,935,440of assets as of November 30, 2020, company data show. The index equity fund is the first of its type to surpass US$ 1 trillion in assets. The Vanguard Total Stock Market Index Fund was created in 1992, with the corresponding ETF following in 2001. By the end of 1992, Vanguard Total Stock Market Index Fund had US$ 512 million in assets. The fund has never had a year of outflows.
A Vanguard Group equity fund has become the first of its kind to eclipse $1 trillion of assets, a testament to the rise of index-based investing over the past three decades. Vanguard Total Stock Market Index Fund, which includes both a mutual fund and an exchange-traded fund, had $1.04 trillion of assets as of November 30, company data show. “Given that Vanguard birthed index investing, it seems only fitting that one of their flagship funds would be the first to reach this historic mark,” said Nate Geraci, president of the ETF Store, an investment advisory firm. While soaring US stocks are fueling the fund, it’s also being bolstered by falling fees, a trend stoked by Vanguard, a pioneer in low-cost passive investing. The Vanguard Total Stock Market Index Fund was created in 1992, with the corresponding ETF following in 2001.
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