Vanguard achieves world's first trillion-dollar fund

Launched in 1992

Vanguard has made history as one of its equity index funds becomes the first ever to hold more than $1trn in assets under management (AUM), according to reports.

The Vanguard Total Stock Market Index fund surpassed the milestone, holding $1,035,112,935,440 in assets as of 30 November, a far cry from its year-end total of $512m in 1992, the year it was launched. Passive flows break all-time record as $111bn is added to equity ETPs It provides investors access to the entirety of the US stockmarket, with more than 3,500 securities at the end of October, for a fee of 0.03% in the ETF share class of the combined fund, which also contains a mutual fund, available for 0.14%, although this is closed to new investors. The ETF share class of the fund...