1 Little-Known Vanguard Index Fund to Buy Before It Soars 50%, According to a Wall Street Analyst
Many investors are familiar with the three major U.S. stock market indexes. I am talking about the S 500 (SNPINDEX: ^GSPC), the Dow Jones Industrial Average (DJINDICES: ^DJI), and the Nasdaq Composite (NASDAQINDEX: ^IXIC). Those three indexes cover different facets of the domestic stock market, but they all measure the performance of large-cap U.S. companies.
Fewer investors are familiar with the Russell 2000, an index that measures the performance of small-cap U.S. companies. It currently trades at 2,000. But Tom Lee, Head of Research at Fundstrat Global Advisors, believes the small-cap index could soar 50% to surpass 3,000 before the end of 2024. That implies identical upside in the little-known Vanguard Russell 2000 ETF (NASDAQ: VTWO).
Lee sees cheap valuations and interest rate cuts as the catalysts behind those potential gains.
Source Fool.com