Three recommended growth ETFs for long-term investment

Investors looking for growth without constant monitoring may want to consider exchange-traded funds, or ETFs. These funds allow investors to own shares in a variety of stocks while the management team does the work. Here are three ETFs to consider if you have $1,000 to invest. The iShares S&P 500 Growth ETF is a solid option. Unlike some other growth ETFs, it is not too heavily focused on a few big companies. Its top five stocks only make up about one-third of its total assets, giving it a better balance. Currently, Nvidia, Microsoft, and Apple are its biggest holdings. This ETF adjusts for market trends, which can help it perform well over time. Another choice is the Vanguard Mid-Cap Growth ETF. Many growth stocks are large companies, but mid-cap stocks can show great potential for growth. This ETF includes stocks that fall between small and large caps, often in their prime growth phase. The Vanguard ETF offers exposure to a better selection of quality mid-cap companies compared to the iShares option. Notable stocks in this ETF include Constellation Energy and Palantir Technologies. Lastly, the Technology Select Sector SPDR Fund is worth mentioning. This fund focuses solely on technology companies, which typically provide high growth potential. However, it is top-heavy, with major companies like Apple, Nvidia, and Microsoft making up a large portion of its assets. While this ETF carries more risk, tech companies have historically driven significant advancements in the economy. Investors should consider their overall strategy when choosing ETFs. Each of these funds offers pathways to grow wealth over time without needing to track individual stocks closely.