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Vanguard, the Unlikely Savior of Active Management

The Bogle-founded firm has provided a blueprint for actively managed funds.
Bloomberg Link Portfolio Manager Mash Up
Photographer: Scott Eells/Bloomberg

Actively managed mutual funds in the U.S. have seen $76-billion worth of assets leave for greener pastures in the first five months of the year, according to the Investment Company Institute — except for one firm's offerings.

The standout performer in asset-gathering among active managers may come as a surprise: Vanguard Group Inc.