Vanguard's S&P 500 ETF Hits $100 Billion Inflows In 2024: Is SPY's Crown At Risk?
Vanguard's S&P 500 ETF Hits $100 Billion Inflows In 2024: Is SPY's Crown At Risk?
Despite SPY still holding the title of the world's largest ETF, with $620 billion in assets under management (AUM), the gap between it and VOO — currently at $579 billion — has narrowed to $41 billion.The Vanguard S&P 500 ETF (NYSE:VOO) has shattered records, crossing $100 billion in annual inflows this year, a historic high for any ETF over the same period.
富時500etf(紐交所:VOO)刷新紀錄，今年年度資金流入額突破1000億美元，創下行業同期任何etf的歷史最高。
Data from ETF.com shows that the fund witnessed $101.07 billion in fresh money from investors, more than the combined inflows of its two closest competitors: iShares Core S&P 500 ETF (NYSE:IVV) with $59.2 billion and SPDR S&P 500 ETF Trust (NYSE:SPY) with just $22.9 billion.
來自etf.com的數據顯示，該基金吸引了1010.7億美元的新資金，超過了其兩個最接近競爭對手的合計資金流入額：標普500etf (紐交所:IVV)的592億美元和標普500etf信託基金(紐交所:SPY)的僅229億美元。
In the multi-trillion-dollar exchange-traded fund industry, this trend is sparking debate over whether SPY, the world's largest ETF, is now on the brink of losing its long-standing crown.
在萬億美元交易基金行業，這一趨勢引發了關於世界最大etf SPY是否即將失去其長期頭銜的爭論。
$VOO Poised To Become The World's Largest ETF Next Year
VOO有望在明年成爲世界上最大的etf
Despite SPY still holding the title of the world's largest ETF, with $620 billion in assets under management (AUM), the gap between it and VOO — currently at $579 billion — has narrowed to $41 billion.
儘管SPY仍然擁有世界最大的etf頭銜，資產管理規模爲6200億美元，但其與VOO之間的差距目前僅爲410億美元，縮小至5790億美元。
"That means that there is a very real possibility that VOO overtakes SPY as the world's largest ETF as soon as next year," commented Sumit Roy, senior analyst at ETF.com.
「這意味着VOO很有可能在明年早些時候超過SPY成爲世界上最大的etf，」 etf.com的高級分析師Sumit Roy 表示。
"But even if that happens, SPY's slide down the ETF leaderboard might not stop there. IVV is also nipping at its heels, with $565 billion in AUM," he added.
「但即使發生這種情況，SPY在etf排行榜上的下滑可能不會止步於此，IVV也在緊隨其後，管理資產爲5650億美元，」 他補充道。
World's 10 Largest ETFs by AUM
世界上資產規模最大的10只etf
| ETF Name | AUM ($ bn) | Expense ratio |
|---|---|---|
| SPDR S&P 500 ETF TRUST | 620.26 | 0.09% |
| Vanguard S&P 500 ETF | 579.35 | 0.03% |
| iShares Core S&P 500 ETF | 559.64 | 0.03% |
| Vanguard Total Stock Market (NYSE:VTI) | 460.11 | 0.03% |
| Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) | 310.27 | 0.20% |
| Vanguard Growth ETF (NYSE:VUG) | 151.13 | 0.04% |
| Vanguard FTSE Developed Markets ETF (NYSE:VEA) | 135.42 | 0.06% |
| Vanguard Value ETF (NYSE:VTV) | 133.31 | 0.04% |
| Vanguard Total Bond Market (NYSE:BND) | 119.17 | 0.03% |
| ETF 名稱 | 資產 (十億美元) | 費用比率 |
|---|---|---|
| SPDR標普500指數交易信託基金(trust) | 620.26 | 0.09% |
| Vanguard S&P 500 ETF | 579.35 | 0.03% |
| iShares 核心標普500 ETF | 559.64 | 0.03% |
| 富時全股票市場(紐交所:VTI) | 460.11 | 0.03% |
| 英威斯科QQQ信託第1系列(納斯達克:QQQ) | 310.27 | 0.20% |
| 成長股etf-紐交所:vug | 151.13 | 0.04% |
| 富時發達市場etf-紐交所:vea | 135.42 | 0.06% |
| 價值股etf-vanguard （紐交所：VTV） | 133.31 | 0.04% |
| Vanguard Total Bond Market （紐交所：BND） | 119.17 | 0.03% |
Expense Ratio: A Critical Factor For VOO's Institutional Inflows
費用比率：VOO機構流入的關鍵因素
A key driver of VOO's success is its rock-bottom expense ratio of 0.03%, less than a third of SPY's 0.0945%.
VOO成功的關鍵驅動因素之一是其極低的費用率爲0.03%，不到SPY的0.0945%的三分之一。
These differences have significant implications, especially for institutional investors managing billions.
這些差異具有重大意義，尤其對管理數十億資產的機構投資者而言。
A retail investor putting $5,000 into VOO at the start of the year would pay only $1.50 in annual expenses, while the same investment in SPY would cost $4.73 – basically an irrelevant difference.
一個零售投資者在年初將$5,000投入VOO只需支付$1.50的年度費用，而在SPY中進行相同投資則需支付$4.73 - 基本上是一種不相關的差異。
In sharp contrast, an institutional investor allocating $5 billion to VOO would pay just $1.5 million in fees, compared to $4.73 million with SPY—a staggering $3.23 million difference.
截然不同的是，一個將$50億投資給VOO的機構投資者只需支付$150萬的費用，而選擇SPY則需要支付$473萬 - 相差驚人的$323萬。
This simple example may explain that expense ratio differences are a huge driver of wholesale investor flows into ETFs.
這個簡單的例子可能解釋了費用率差異是對etf吸引大規模投資者流入的重要推動因素。
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譯文內容由第三人軟體翻譯。
