Vanguard’s $305 Billion Take From Investors in 2016 Sets Record

Vanguard Group, the world’s largest mutual fund manager, said it attracted a record $305 billion last year -- an annual total that some firms need decades to reach.

Vanguard’s take, which tops the firm’s previous record of $276.4 billion in 2015, includes $93 billion that went into exchange-traded funds, up from $76 billion the year before, spokesman John Woerth wrote in an e-mail. While the bulk of the money flowed into products that track indexes, more than $50 billion was absorbed by active funds that buy bonds or a mix of stocks and bonds, Woerth said.

Eaton Vance Corp., a medium-sized money manager founded in 1979, had $336 billion in assets under management as of Oct. 31.