Investors poured an industry record $236 billion into mutual-fund company Vanguard Group in 2015, the latest evidence of a shift away from money managers who try to handpick winners. Vanguard’s 2015 haul was the largest annual flow of money to a mutual-fund company, according to research firm Morningstar Inc. The pioneer of passively managed,...
2015 was another record breaking year for Vanguard , which saw $ 236bn of inflows into its mutual funds after attracting a net $ 214.5 billion in 2014 . According to Morningstar , the amount represents the largest ever annual injection of funds into a mutual- financed company . It is a clear indication of the swing favouring lower cost passive investment vehicles and takes AUM at the pioneer of passively- managed investments to more than $ 200 tn .