5 Best Growth ETFs To Buy Now

4. Vanguard Russell 1000 Growth Index Fund ETF Shares (NASDAQ:VONG)

5-Year Share Price Performance as of March 27: 122.74%

Vanguard Russell 1000 Growth Index Fund ETF Shares (NASDAQ:VONG) invests in stocks within the Russell 1000 Growth Index, which consists mainly of growth stocks from large American companies. It aims to closely replicate the index’s return, serving as a benchmark for large-cap growth US stock returns. As of December 22, 2023, the ETF’s expense ratio has remained 0.08%. Its portfolio consists of 443 stocks, and the total net assets amounted to $25.7 billion as of February 29, 2024. Vanguard Russell 1000 Growth Index Fund ETF Shares (NASDAQ:VONG) is one of the best growth ETFs to buy. 

Visa Inc. (NYSE:V) is one of the top holdings of Vanguard Russell 1000 Growth Index Fund ETF Shares (NASDAQ:VONG). On January 25, Visa Inc. (NYSE:V) reported earnings for the first fiscal quarter of 2024. The company announced a non-GAAP EPS of $2.41 and a revenue of $8.6 billion, outperforming Wall Street estimates by $0.07 and $50 million, respectively. 

According to Insider Monkey’s fourth quarter database, 162 hedge funds were bullish on Visa Inc. (NYSE:V), compared to 167 funds in the last quarter. 

In its October 2023 investor letter, Lakehouse Capital stated the following regarding Visa Inc. (NYSE:V):

“Visa Inc. (NYSE:V) reported a strong result with net revenue increasing 11% year-on-year to $8.6 billion and non-GAAP earnings per share increasing by 21% to $2.33. As has been the case for many years now, the scalable nature of the business allows for revenue growth to outpace its costs, which places the company in a good position to navigate through this inflationary period. The network continues to grow, with credentials and merchant locations up 7% and 17%, respectively. Cross-border travel-related spend also maintained its robust growth, increasing 26% year-on-year while Visa Direct reported 7.5 billion transactions, up 19% year-on-year, progressing on penetrating categories such as cross-border remittances. Altogether, we’re pleased with how the business is tracking and remain positive on Visa’s outlook.”