Vanguard Makes History With the First $1 Trillion Equity Fund
- Vanguard Total Stock Market Index Fund hit the mark last month
- Soaring stocks and falling fees have bolstered the business
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A Vanguard Group equity fund has become the first of its kind to eclipse $1 trillion of assets, a testament to the rise of index-based investing over the past three decades.
Vanguard Total Stock Market Index Fund, which includes both a mutual fund and an exchange-traded fund, had $1.04 trillion of assets as of Nov. 30, company data show.