Global funds are flocking to the S&P 500 Index ETF, with the code "VOO" about to become the "King of Global ETFs."

Due to record inflow of funds, the S&P 500 Index ETF issued by Vanguard, with code VOO, is about to surpass the S&P 500 Index ETF with code SPY issued by State Street; cost-conscious investors and the so-called "model portfolios" have driven the demand for ETFs.

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