Vanguard Is Growing Faster Than Everybody Else Combined
Thanks to the power of its index funds, Vanguard is pulling in more money than all of the other fund companies in the business.
Hasnain says:
"In the last three calendar years, investors sank $823 billion into Vanguard funds, the company says. The scale of that inflow becomes clear when it is compared with the rest of the mutual fund industry — more than 4,000 firms in total. All of them combined took in just a net $97 billion during that period, Morningstar data shows. Vanguard, in other words, scooped up about 8.5 times as much money as all of its competitors."
Posted on 2017-04-15T17:35:02+0000