The Vanguard Group said on Tuesday that it expects its performance to outperform the market over the next six months.
Vanguard said it expects the S&P 500 index to close at or near the $600 mark in 2019 and to return to its pre-recession peaks in 2020 and 2021.
Vanguard’s profit growth rate, meanwhile, is forecast to grow at a compound annual growth rate of 9.3% to 12.7% for 2019 and 2021, up from 7.3%, 6.3 and 4.9% for the same periods a year ago.
Vectors annualized growth is forecast at 4.4% to 6.5% for 2020 and 2019, up 2.7%, 6% and 6.1%, respectively.
Analysts polled by FactSet expected Vectrex to post a profit of $1.2 billion in 2019, an increase of 6% over last year.
The company also said it had earned a profit in 2020 of $7.7 billion, an improvement of 3.2% from last year, and a total of $19.5 billion in 2021.