Vanguard makes history with the first US$1 trillion equity fund
Annie Massa and Claire Ballentine, Bloomberg News The Vanguard Group headquarters are seen in Malvern, Pennsylvania, U.S., on Friday, Sept. 5, 2003. Vanguard Group, the second-largest U.S. mutual fund company, received a subpoena from New York Attorney General Eliot Spitzer as part of an inquiry into illegal trading practices in the $6.9 trillion industry. Photographer: Bloomberg/Bloomberg , Photographer: Mike Mergen/Bloomberg
A Vanguard Group equity fund has become the first of its kind to eclipse US$1 trillion of assets, a testament to the rise of index-based investing over the past three decades.
Vanguard makes history with first $1 trillion equity fund
Vanguard Total Stock Market Index Fund includes both a mutual fund and an ETF
December 16, 2020
A Vanguard Group equity fund has become the first of its kind to eclipse $1 trillion of assets, a testament to the rise of index-based investing over the past three decades.
Vanguard Total Stock Market Index Fund, which includes both a mutual fund and an exchange-traded fund, had $1.04 trillion of assets as of Nov. 30, company data show.
“Given that Vanguard birthed index investing, it seems only fitting that one of their flagship funds would be the first to reach this historic mark,” said Nate Geraci, president of the ETF Store, an investment advisory firm.
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