Vanguard taking names

Vanguard Group has had a good 2017 so far; the asset management giant had net inflows into its mutual funds and exchange-traded funds of $203 billion through June 30. More notably, the manager took in an average $1.1 billion per day year-to-date through June 30. In contrast, managers that received at least $300 million in monthly net inflows averaged $851 million per day; the number drops to $622 million when Vanguard is excluded. January was Vanguard’s strongest month on a assets-per-day basis, with an average $1.5 billion. April and June were relatively weaker by those standards, but each month’s figure was at least double the industry average.