Vanguard has received more than $106 billion in new investor money this year through April, quadrupling the nearest competitor for new money, writes Erin Arvedlund for the Philadelphia Inquirer.

The intake was spread across the Malvern-based investment giant’s index mutual funds, Exchange Traded Funds, active funds, and other products.

According to Bloomberg analyst Eric Balchunas, Vanguard is dominating “though many competitors offer even cheaper passive funds, and its gap with the rest of the industry has widened in bear markets.”

Over the past five years, Vanguard took in $1.5 trillion, more than doubling the $685 billion of second place BlackRock. At this time, Vanguard manages more than $5.1 trillion in assets globally.

The new investor money was not just rolling into Vanguard’s flagship index funds.

“Active funds at Vanguard have put up strong numbers,” said Jeff DeMaso, director of research at Adviser Investments and research director for The Independent Adviser for Vanguard Investors newsletter.

Vanguard, which is already the largest passive-fund manager with $3.8 trillion in assets, is likely to also become the largest active manager within a few years. Vanguard currently has $1.37 trillion in active mutual fund assets, only $179 billion behind American Funds.

Read more about Vanguard in the Philadelphia Inquirer here.

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