Vanguard Nears $1 Trillion Milestone with Its Total Stock Market Index Fund

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Image of CEO Tim Buckley via Vanguard.

Malvern-based Vanguard is nearing the $1 trillion milestone with its Total Stock Market Index Fund, which had $938 billion in year-end assets, writes Erin Arvedlund for The Philadelphia Inquirer.

“Assuming investors neither add nor withdraw a penny from the fund, it would take a gain of just 9.3 percent to push it over the line,” said Jeff De Maso, research editor of the Independent Adviser for Vanguard Investors newsletter.

He said that, over the last five years, investors have poured a net $30 billion annually into the fund. If this pace continues, the largest mutual fund by assets would only need a gain of 5.8 percent to reach the 13-digit number this year.

Currently, no other fund is even close to achieving a similar milestone.

At this time, Vanguard manages $6 trillion – or $5.2 trillion excluding money market funds – in assets and is second only to BlackRock, which currently has $7 trillion under management. Meanwhile, State Street is a distant third with $2.9 trillion under management.

These three index fund managers together hold around 80 percent of all index-linked assets.

Read more about Vanguard in The Philadelphia Inquirer here.

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