Investors saw no shortage of record-breaking stock news in August: The S&P 500 hit an all-time high just five months after the coronavirus selloff, and tech giant Apple (ticker: AAPL) became the first U.S. company with a $2 trillion market value. Today’s milestone is in the fund world: The Vanguard Total Stock Market Index has become the first to have more than $1 trillion in assets in funds tied to it.
“It’s been a decade of index funds,” says Jeff DeMaso, research director at Adviser Investments, an independent advisory...
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