Vanguard Group regained its status as as the nation’s top-selling fund company, helped along by exchange traded fund (ETF) sales.
Last year, the company made it past rival American Funds which has held the number one slot since 2002, says Sue Asci for Investment News.
Most of Vanguard’s ETF sales were through financial advisors and the company’s ETFs took in a net $16.8 billion last year, up from $8.1 billion the previous year.
American Funds is still the world’s largest fund company, with $1.15 trillion in assets. Vanguard has $1.08 trillion in assets.
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