Vanguard group: US company makes history with $1 trillion equity fund | International Business News – Times of India
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NEW DELHI: 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 trillion of assets as of November 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.
While soaring US stocks are fueling the fund, it’s also being bolstered by falling fees, a trend stoked by Vanguard, a pioneer in low-cost passive investing.
Vanguard Total Stock Market Index Fund, which includes both a mutual fund and an exchange-traded fund, had $1 trillion of assets as of November 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.
While soaring US stocks are fueling the fund, it’s also being bolstered by falling fees, a trend stoked by Vanguard, a pioneer in low-cost passive investing.
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