Vanguard has made history as one of its equity index funds becomes the first ever to hold more than $1trn in assets under management (AUM), according to reports.
The Vanguard Total Stock Market Index fund surpassed the milestone, holding $1,035,112,935,440 in assets as of 30 November, a far cry from its year-end total of $512m in 1992, the year it was launched. It provides investors access to the entirety of the US stockmarket, with more than 3,500 securities at the end of October, for a fee of 0.03% in the ETF share class of the combined fund, which also contains a mutual fund, available for 0.14%, although this is closed to new investors. The ETF share class of the fund was the most popular ETF globally this year, receiving $30.8bn of net in...
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