Vanguard defined contribution (DC) assets under management reached $1.14tn at year-end 2017, making it the first DC asset manager to exceed $1tn, according to preliminary data compiled by Pensions & Investments. Martha King, managing director and head of Vanguard Group's's institutional investor group, attributed the growth over the past decade to plan sponsors looking for low-cost, high-quality investments for their participants and a record-keeping partner to manage plans. Vanguard Group's's DC assets under management were $903.6bn in 2016 and the group has been the largest manager of DC assets since 2013.
Vanguard Group's defined contribution (DC) assets under management reached $1.14tn at year-end 2017, making it the first DC asset manager to exceed $1tn, according to preliminary data compiled by Pensions & Investments. Martha King, managing director and head of Vanguard's institutional investor group, attributed the growth over the past decade to plan sponsors looking for low-cost, high-quality investments for their participants and a record-keeping partner to manage plans. Vanguard's DC assets under management were $903.6bn in 2016 and the group has been the largest manager of DC assets since 2013.