Investors have become much more educated on the importance of fund fees and the serial underperformance of active management, Geraci said. Those factors could further propel the fund for decades, he said.
Vanguard follows an unusual format, with its ETFs existing as a share class of its mutual funds. The Vanguard Total Stock Market ETF attracted the most cash of any ETF so far this year, with $30.8 billion of net inflows. Vanguard, the top issuer for ETF inflows this year, controls 28% of the $5.3 trillion U.S. ETF industry.
[More: Guess what? Most Vanguard investors are Steady Eddies]
The post Vanguard makes history with first $1 trillion equity fund appeared first on InvestmentNews.
We're here to help. Send us an email or call us at +1 (585) 329-9661. Please feel free to contact our experts.
A donation will be made by Adviser First Partners to a Veterans organization on behalf of all financial professionals and firms that register each month
Contact Us© 2024 Adviser First Partners. All Rights Reserved.
Web Design by eLink Design, Inc., a Kentucky Web Design company