MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, October 2, 2012 Vanguard Celebrates a Record Year … In Just Nine Months Bill McNabb 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. Printed from: MFWire.com/story.asp?s=41472 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |