In March, the US economy added nearly half a million new jobs, bringing the jobless rate to a new low of 3.8 percent. Meanwhile, the Dow Jones Industrial Average is only 6% behind its all-time high, and the S&P 500 is only 1% below its all-time high. During the financial crisis, American households had roughly $2.5 trillion in surplus savings. Market experts are suspicious of the growth’s long-term viability. According to former Treasury Secretary Lawrence Summers, there is an 80% risk of a recession within two years. This year, the S&P 500, which is mainly dominated by growth companies, is down 5%. Year to date, the Russell 1000 Growth Index has lost about 11%. Tesla, Apple, and Microsoft are among the top holdings of popular retirement ETFs in the US.
Insider Monkey highlights the 10 growth ETFs to buy now. The NASDAQ-100 Index is tracked by the Invesco QQQ Trust. The index is made up of 100 of the largest non-financial corporations that trade on US markets. Meta Platforms, Inc., a diversified technology firm, is one of its largest interests. VUG is an exchange-traded fund (ETF) that invests in sectors that expand faster than the overall market. Alphabet Inc., a company that owns and operates multiple tech goods and platforms, is a top holding of Vanguard Growth Index Fund. The performance of the iShares Russell 1000 Growth ETF is tracked by an index of big and mid-cap US-based companies with growth characteristics. The fund invests at least 80% of its net assets in stocks with high growth potential, such as Visa, a payments technology company. The Vanguard Information Technology Index Product is an exchange-traded fund that invests in securities that are part of the MSCI US Investable Market Index/Information Technology 25/50 index. The index includes companies in the information technology sector in the United States. NVIDIA Corporation is a visual computing company that the Technology Select Sector SPDR Fund owns a big investment in. At the end of the fourth quarter of 2021, 110 hedge funds in Insider Monkey’s database had positions in NVIDIA worth $10.4 billion. For more details, click the 10 Growth ETFs To Buy Now.