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Rating:Vanguard Says 2010 Was its Third Best Year Ever Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, January 12, 2011

Vanguard Says 2010 Was its Third Best Year Ever

News summary by MFWire's editors

Vanguard crew members are looking back on 2010 as the third-best year in company history in terms of net cash flow.

The Valley Forge, Pennsylvania-based fund firm had $84.8 billion in net cash flow in the just-concluded year, according to a press release. Stock funds and ETFs accounted for $62 billion of the total, while bond funds and ETFs represented $34 billion and balanced funds $1.5 billion. Investors yanked $12.7 billion from its money-market funds.

Bloomberg noted that Vanguard's best year ever was 2007, with net cash flow totaling $104 billion, followed by 2009, with $101 billion.  

Edited by: Armie Margaret Lee

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