$1,000 in VTI Could Turn Into $12,385

The Vanguard Total Stock Market ETF (NYSEMKT: VTI) is one of the largest and most popular exchange-traded funds (ETFs). With over $483 billion in assets under management (AUM), it's the fourth largest ETF.

The big draw of VTI is that it provides investors with broad exposure to the entire U.S. stock market through one single investment vehicle. That enables investors to capture the returns produced by the whole U.S. equity market, which have been good over the long term. For example, the Vanguard Total Stock Market ETF has produced an average return of 8.75% since its inception in the middle of 2001. At that rate, a $1,000 investment in VTI could turn into $12,385 in 30 years.

Here's a closer look at this ETF and why it's a great fund to buy and hold long-term.

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Source Fool.com