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05

Vanguard Attracts Record New Money as Investors Flock to Passive

By Tony Seruga
  • Firm got $148 billion in inflows in first six months of 2016
  • Some rival managers struggle in competition for client cash
It’s another record for Vanguard Group Inc.
The firm, which has grown to become the world’s largest mutual fund manager by offering low-cost investments, attracted $148 billion in new client money during the first six months of 2016, surpassing its previous first-half record of $140 billion set last year, a spokesman said in an e-mail on Tuesday. In June alone, about $30 billion flooded into the firm’s mutual funds and exchange-traded products…
Vanguard Attracts Record New Money as Investors Flock to Passive
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