MutualFundWire.com: A Trillion-Dollar Fund?

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Thursday, February 6, 2020

A Trillion-Dollar Fund?

13 digits — The biggest mutual fund in the business may cross that line before you know it.

Mortimer J. "Tim" Buckley
Vanguard
President, CEO

The Philadelphia Inquirer highlights the growth of the Vanguard Total Stock Market Index Fund, which could become the first $1-trillion-AUM mutual fund this year. (According to Morningstar, the fund currently has $901.9 billion in AUM. Its sister ETF holds $145.5 billion.)

To put those numbers in perspective, as of the end of December, the entire industry had $20.734 trillion in mutual fund AUM (including ETFs, but excluding money market funds and funds of funds). There were only 29 firms with more than $100 billion each in mutual fund AUM . Of those 29, only four had more than $1 trillion each in mutual fund AUM.

Printed from: MFWire.com/story.asp?s=60853

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