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Vanguard is growing faster than everybody else - combined

Flood of money abandoning actively managed funds for its plain-vanilla cut-rate vehicles stuns industry

Published Tue, Apr 18, 2017 · 09:50 PM

    Malvern, Pennsylvania

    THE Vanguard trading floor is the epicentre of one of the great financial revolutions of modern times, yet it is a surprisingly relaxed place.

    A few men and women gaze at Bloomberg terminals. There is a muted television or two and a view of verdant suburban Philadelphia. No one is barking orders to buy or sell stock.

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