5 Best Growth ETFs To Buy Now

In this article, we discuss 5 best growth ETFs to buy now. If you want to read our discussion on growth investing, check out 13 Best Growth ETFs To Buy Now. 

5. iShares Russell 1000 Growth ETF (NYSE:IWF)

5-Year Share Price Performance as of March 27: 122.34%

iShares Russell 1000 Growth ETF (NYSE:IWF) ranks 5th on our list of the best growth ETFs. The fund aims to replicate the performance of the Russell 1000 Growth Index, comprising large and mid-cap U.S. equities displaying growth attributes. As of March 27, 2024, iShares Russell 1000 Growth ETF (NYSE:IWF)’s net assets amounted to $89.2 billion, and the fund featured an expense ratio of 0.19%, along with a portfolio comprising 440 stocks. 

Broadcom Inc. (NASDAQ:AVGO) is one of the top holdings of iShares Russell 1000 Growth ETF (NYSE:IWF). On March 21, Broadcom Inc. (NASDAQ:AVGO) was upgraded to Outperform by TD Cowen after its “Enabling AI Infrastructure” event, citing potential upside from custom silicon and AI networking. The full integration of VMware could yield further synergy. TD Cowen raised Broadcom’s price target to $1,500 from $1,400.

According to Insider Monkey’s fourth quarter database, 91 hedge funds were bullish on Broadcom Inc. (NASDAQ:AVGO), compared to 87 funds in the last quarter. 

Carillon Eagle Growth & Income Fund stated the following regarding Broadcom Inc. (NASDAQ:AVGO) in its fourth quarter 2023 investor letter:

“Broadcom Inc. (NASDAQ:AVGO) traded higher after closing on its acquisition of VMware. The company also announced earnings that were relatively in line with estimates with some benefit of better operating expenses. The stock appears to be one of the first real beneficiaries of generative artificial intelligence (AI) with meaningful revenue expected to show up in 2024.”