Vanguard Isn't Luring as Much Cash Along With Industry
- Fund flows to money managers slowed across industry in 2018
- Declines may be tied to so-so performance of stock market
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Vanguard Group is attracting a lot less money from investors this year compared with 2017. Turns out, the mutual fund giant’s not alone.
Vanguard, the world’s second-largest money manager, collected $106 billion in the first half of 2018, down from $207 billion in the same period a year ago, according to the firm. That’s a decline of 49 percent. By comparison, total U.S. fund flows -- money going into exchange-traded, active and passive mutual funds -- fell roughly 50 percent, according to Bloomberg estimates.