Vanguard Reaches $4 Trillion for First Time

Indexing pioneer Vanguard Group has climbed to $4 trillion in assets for the first time, accentuating a loss of faith among investors in traditional money managers who handpick stocks.

The record of $4.048 trillion, reached at the end of January, follows a year when Vanguard’s funds pulled in more new money than all of its competitors combined, according to one industry total.

Source: The Wall Street Journal

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