and his crew at Vanguard
have $113 billion reasons to celebrate so far this year.
The Malvern, Pennsylvania-based mutual fund giant, already the biggest U.S. mutual fund shop by assets, continues to break records. Charles Stein of Bloomberg reports
that Vanguard brought in $113 billion in mutual fund and ETF deposits this year through September, beating out its prior full calendar year, pre-crisis record of $104 billion of 2007. The low-cost giant now claims about $1.95 trillion in U.S. fund assets.
By comparison, the $72 billion in mutual fund deposits Vanguard attracted in the first nine months of the year more than the doubled the second place shop, Pimco
, according to Morningstar. And according to State Street data, Vanguard also came in first in ETF inflows.
Neil Anderson, Managing Editor
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