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Wednesday, January 12, 2011|
Vanguard Says 2010 Was its Third Best Year Ever
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.
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