Vanguard inflows beat all other global fund providers combined in 2016

Passive fund provider

Vanguard saw more global inflows than the rest of the industry combined in 2016, with global flows totally $289bn, according to Morningstar.

In a review of 2016 global asset flows by Morningstar, passive provider Vanguard garnered inflows of $289bn, more than 4,000 other global providers put together, which accumulated $244bn of flows. Morningstar said the appeal of Vanguard was the low costs, as its passive open-ended funds are among the lowest on the market.  Vanguard cuts fees on LifeStrategy fund range The top three providers worldwide by net inflows were Vanguard, iShares and State Street, which are all index funds providers. iShares saw net inflows of $137bn while State State Street saw $63bn. However, 96% of V...