$1 Trillion ETFs, Wealth Inequality and the Shrinking Middle Class

Bloomberg noted last week that the Vanguard S&P 500 ETF (VOO) is now the first ETF in history with $1 trillion in assets. The flows for this index fund have been absolutely massive and show no signs of slowing down: This obviously isn’t the only S&P 500 ETF either. SPY is closing in on $800 billion. IVV already has more than $800 billion. VTI is a total stock market index fund — which is not exactly t...