Vanguard on pace to collect a record $350 billion in new investor cash

SCOTTSDALE of Ariz.-Vanguard Group has been quadrupled in the past 8 years. It is a place to grow

CEO F. William McNabb III said in an interview at a general shareholders meeting in Scottsdale, Arizona on Wednesday that fund managers are preparing a record $ 350 billion in investment by the end of 2017. There is no disclosure before cash

Expected trading volumes will exceed Pioneer's historical record of $ 27 billion. This is to strengthen the shift of the industry apart from money managers who select the winners, in particular.

Vanguard has become one of the main beneficiaries of investors who are increasingly pursuing low cost. So-called passive funds track the performance of the index. We established an index fund for individual investors 40 years ago.

$ 350 billion - this is the proportion of Vanguard by the end of 2017, which can be a recordable annual total. As investors gathered in low-cost passive funds, Cash Manager's commercial director Bill McNabb made this comment at the shareholders' meeting held in Scottsdale, Arizona.

CEO F. William McNabb III said in an interview at a general shareholders meeting in Scottsdale, Arizona on Wednesday that fund managers are preparing a record $ 350 billion in investment by the end of 2017. There is no disclosure before cash

At the Scottsdale Conference on Wednesday, Vanguard 's extraordinary scale was covered by the first general shareholders' meeting held nationwide since 2009. Shareholders of Pioneer Group were surprised by the cash flow of new investors drawn from money managers in recent years and asked executives whether they are paying attention to ensure that success does not occur. That asset is currently $ 4.8 trillion, and passively managed funds account for 91% of the first 10 months of the year's inflow. According to Morningstar, net traffic to the Vanguard Fund has so far accounted for about 51% of all US mutual funds and listed investment trusts this year.

Influenced by Fama and Samuelson's research, John Bogul, former chairman of the Wellington Management Group, established the Pioneer Group and established the first passive management index fund in 1975. Currently known as investor shares of Vanguard 500 Index Fund this minimum investment is $ 3,000 and is predecessor to many similar index funds such as Vanguard 500 Index Fund Admiral Stock, the world's largest mutual fund managed by Vanguard . $ 146.3 billion, minimum investment is $ 10,000