Vanguard retains title of world's fastest growing fund manager in 2017

For sixth year in a row

clock • 1 min read

Vanguard has retained the position of the world's fastest growing asset manager for a sixth year in a row, after attracting more than $1bn (£738m) in new business each day of 2017, according to the Financial Times.

A preliminary estimate released by Vanguard showed the fund manager took $368bn in net inflows last year, which is a 13.9% rise on the $323bn it attracted in 2016, the paper reports. Around 90% of new money in 2017 flowed into its tracker funds.  These latest inflows have pushed Vanguard's assets under management (AUM) beyond the $5trn mark. The FT reports this has narrowed the gap with BlackRock, which is the world's largest fund manager on around $6trn AUM. According to the FT, BlackRock is expected this month to announce a company record for annual new business growth. BlackRock...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Into the Spider-Verse we go: Chris Justham assesses Trump Mk II

Into the Spider-Verse we go: Chris Justham assesses Trump Mk II

'The cognitive dissonance when your beliefs don't add up cause very real pain'

Chris Justham
clock 04 April 2025 • 3 min read
Investors hold back on equity exodus as they brace for Trump's next move

Investors hold back on equity exodus as they brace for Trump's next move

UK equity funds suffer

Linus Uhlig
clock 03 April 2025 • 2 min read
Darius McDermott: Are we seeing the end of US exceptionalism?

Darius McDermott: Are we seeing the end of US exceptionalism?

The Euro Stoxx 50 Index is up 10.8% since the start of the year

Darius McDermott
clock 03 April 2025 • 5 min read