In the Margins

Vanguard attracts record flows this year

July 6, 2016

By Bloomberg

Vanguard Group 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. In June alone, about $30 billion flooded into the firm’s mutual funds and exchange-traded products. The firm is benefiting from a growing preference for low-cost index-tracking products. Read the original story from Bloomberg

 

 

Most Read

Top of the Agenda - Governance
ASA board enlarged, timeline to AGM unclear

ASA Gold and Precious Metals Ltd. shareholders voted at a special meeting last week to enlarge the closed-end fund's board and elected a fifth independent director, one ...