This is an abbreviated version of a longer story that ran on AdvisorOne’s sister site, BenefitsPro.com
Vanguard had a banner year in 2012, attracting $130.4 billion in net cash inflow through November 2012, including $46.4 billion in ETFs. This surpasses Vanguard’s previous record of $104 billion in net cash inflow in 2007.
This also exceeds the previous industry record of $129.6 billion set in 2008 by JPMorgan, according to Strategic Insight data. Vanguard had $72.3 billion in equity funds, $6.3 billion in balanced funds, $54.4 billion in bond funds and outflows of just over $2.5 billion in money market funds in 2012.
Since December of last year, Vanguard has lowered expense ratios on 40 of its exchange-traded funds.
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Vanguard also developed a basic financial education program for K-12 students and many teachers across the country have incorporated it into their 2012-13 curriculum. It is free and experiential and provides the tools students need to practice financial skills. Program guides and student materials can be downloaded at www.myclassroomeconomy.org.