Vanguard S&P Mid-Cap 400 ETF

IVOO

時価総額 $37.5億

The Vanguard S&P Mid-Cap 400 Index Fund ETF Shares (IVOO) was launched on September 9, 2010, and is a passively managed exchange traded fund designed to offer broad exposure to the Mid Cap Blend segment of the US equity market.

Europe shows tentative signs of improvement, but the recovery remains uneven. AI investment is increasingly influencing U.S. capital spending and trade.

Designed to provide broad exposure to the Mid Cap Blend segment of the US equity market, the Vanguard S&P Mid-Cap 400 Index Fund ETF Shares (IVOO) is a passively managed exchange traded fund launched on September 9, 2010.

The $85 billion listing last month of SpaceX, Elon Musk's aerospace, satellite communications and artificial intelligence company, was an important market event. The company's dual-class share structure, conferring disproportionate voting power on its founder, could be expected to serve as a template for the next wave of high-profile IPOs, with OpenAI and Anthropic expected to follow suit in the coming quarters.

Small and mid-cap indices (S&P 400, S&P 600) remain undervalued relative to the S&P 500, trading at 15.7x and 15.2x forward PE versus 20.7x. Historically, the S&P 400 and S&P 600 delivered higher EPS growth (10.0%, 10.5%) than the S&P 500 (6.8%), yet suffered multiple contractions. Index composition shifts and rising market cap thresholds mean fewer high-growth, early-stage companies are included in the S&P 400/600.

If you're interested in broad exposure to the Mid Cap Blend segment of the US equity market, look no further than the Vanguard S&P Mid-Cap 400 Index Fund ETF Shares (IVOO), a passively managed exchange traded fund launched on September 9, 2010.

The Vanguard S&P Mid-Cap 400 Index Fund ETF Shares (IVOO) was launched on September 9, 2010, and is a passively managed exchange traded fund designed to offer broad exposure to the Mid Cap Blend segment of the US equity market.

The Vanguard S&P Mid-Cap 400 Index Fund ETF (IVOO) has high cyclical exposure, with almost 65% in discretionary, financials, industrials, materials, and real estate. I remain cautious on IVOO due to uncertain US consumption prospects, higher unemployment, and AI-driven structural shifts reducing multiplier effects in GDP growth. IVOO's sector mix—less tech megacap, more industrials, financials, and real estate—raises sensitivity to macroeconomic headwinds.

State Street strategists expect the S&P 500 to underperform the S&P Mid-Cap 400 and the S&P Small-Cap 600 over the next five years. The Vanguard S&P Mid-Cap 400 ETF returned 365% during the past 15 years, and it has an expense ratio of 0.07%.

Launched on September 9, 2010, the Vanguard S&P Mid-Cap 400 ETF (IVOO) is a passively managed exchange traded fund designed to provide a broad exposure to the Mid Cap Blend segment of the US equity market.