A quarterly brochure on the U.S. ETF ecosystem, with information designed to give advisors tools to help clients.

In six brief videos, Vanguard Global Chief Economist Joe Davis and Head of Wealth Management Massy Williams discuss market volatility, the near-term economic outlook, the power of a diversified portfolio, the risk of recession, economic and market forecasting as a form of risk management, and the power of sound financial advice.

“Cash flow has never been a goal for us, it’s more of an outcome,” says Janel Jackson, Vanguard Head of Bank and Institutional, who recently appeared on Bloomberg to discuss the fast growth of Vanguard’s S&P 500 ETF (VOO). VOO officially claimed the top spot for the ETF with the most assets, passing State Street’s SPDR S&P 500 ETF Trust (SPY).

It has been a longstanding claim that firms are staying private for longer, reducing the number of public companies—and investors’ chances of benefiting from early company growth. But is that true? To find out, we analyzed initial public offering (IPO) and public company data from 2003 to 2024.