Vanguard Assets Top $1T; American Funds Falters
November 12, 2009 7:46 am
|
Index giant Vanguard saw its total net assets under management top $1 trillion in October, closing the month with precisely $1,002 billion, according to new data from Morningstar. The company was helped by strong flows into its fixed-income funds. The Vanguard Total Bond Market Index and Vanguard Short-Term Investment Grade funds were the No. 2 and No. 3 funds in theNot surprisingly, Vanguard and Pimco are the No. 1 and No. 2 firms for total mutual fund inflows through October, with $82 billion and $66 billion, respectively. Interestingly, half of Vanguard’s net inflows have been into its ETFs. Fidelity is third, with $17 billion in inflows. On the flip side, active manager American Funds has seen $21 billion in cash withdrawals this year, as investors pull away from the domestic equity space. Other active managers with heavy concentrations in
|
© Copyright IndexUniverse.com 2009, All rights reserved. Permalink
48 Zombie ETFs
You are right, Dave, that some small ETFs can be late bloomers, attracting significant assets after months or years of gathering dust.Bringing Light Into The ETF Darkness
Sometimes it takes a big flashlight to illuminate something as murky as ETF spreads.
|
|
|
|


