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Tuesday, July 10, 2007|
Vanguard Sails Past Rivals In Fund Sales
The Vanguard Group outpaced its competitors in stock and bond fund sales in the first five months of the year. Citing data from the Financial Research Corp., InvestmentNews reported that net inflows into long-term funds at Vanguard reached $39.5 billion through May 31, representing an increase of 84 percent from the year-ago period. American Funds, for its part, saw net inflows of $38.8 billion, up 13.2 percent from last year, while net inflows at Fidelity reached $4.9 billion, down more than 68 percent.
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