Vanguard Trumps J.P. Morgan's Inflow Record
Bill McNabb, chief executive officer of the Vanguard Group, has 130 billion reasons to smile this holiday season. That’s $130.4 billion to be more precise.
According to the firm, it experienced $72.3 billion of inflows into its equity funds, $6.3 billion in balanced funds, $54.4 billion in bond funds, and outflows of just over $2.5 billion in money market funds. It also saw $46.4 billion of assets flow into its ETFs.
