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Vanguard eyes record $350bn in new money in 2017

Asset manager gains from investor appetite for passive funds, but CEO Bill McNabb is concerned that 'success can breed complacency'

Thursday 16 November 2017 at 11:50

Vanguard eyes record $350bn in new money in 2017

US fund manager Vanguard Group is on track to collect a record $350bn in investor cash this year, writes Sarah Krouse for The Wall Street Journal.

"It’s an extraordinary number," chief executive Bill McNabb said in an interview following a shareholder meeting in Arizona yesterday.