Vanguard has broken its own record as the world’s fastest growing asset manager for a sixth successive year after attracting $368bn in net inflows in 2017, a 13.9% year-on-year increase.
The Financial Times reported that the record-breaking run has pushed Vanguard’s assets under management beyond $5trn, narrowing the gap in the battle for the world’s largest fund house with Blackrock, which controls about $6trn.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Vanguard has used low cost index tracking funds to appeal to investors wishing to avoid high feels typically associated with active fund management.
According to the Financial Times, about 90% of the new money gathered in 2017 was channelled into its index-tracking funds.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
