Passive investing giant Vanguard 's assets under management have raised $ 500 for the first time after a year in which the firm pulled in more money than all of its major investors put together . The milestone represents more bad news for active investors , who handpick stocks and assets for funds . Passive investments , which mimic strategies and strategies , are popular because they charge lower fees than actively investing vehicles .
Passive investing giant Vanguard's assets under management have exceeded $4tn for the first time after a year in which the firm pulled in more money than all of its major competitors put together. The milestone represents more bad news for active managers, who handpick stocks and assets for funds. Passive funds, which mimic indexes and strategies, are popular because they command lower fees than actively managed vehicles.