11 Facts About Vanguard Group

Vanguard Group, Inc is an American registered investment advisor based in Malvern, Pennsylvania, with about $7 trillion in global assets under management, as of January 13,2021.

Several mutual funds managed by Vanguard Group are ranked at the top of the list of US mutual funds by assets under management.

Vanguard Group is owned by the funds managed by the company and is therefore owned by its customers.

Vanguard Group offers two classes of most of its funds: investor shares and admiral shares.

In December 1986, Vanguard Group launched its second mutual fund, a bond index fund called the Total Bond Fund, which was the first bond index fund ever offered to individual investors.

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In March of 2021, Vanguard Group joined over 70 asset managers, aiming to have companies within their portfolios to achieve net-zero emissions by 2050, a goal that parallels the Paris Agreement.

Climate and Indigenous advocates felt optimistic about this development, but stressed the issue that Vanguard Group must stop investing in companies that engage in deforestation, fossil fuel extraction, and environmental degradation.

In line with their sustainability efforts, Vanguard Group has put out a number statements aimed at tackling climate change within their portfolios and the world at large.

In terms of financial involvement, today, Vanguard Group holds at least $86 billion in coal, making them the world's number-one investor in the industry.

Vanguard Group believed buy and hold investors could make good use of ETFs tracking broad indices, but thought ETFs had potentially higher fees due to the bid ask spread, could be too narrowly specialized, and worried anything that could be traded mid-day would be traded mid-day, potentially reducing investor returns.

In 2020, Vanguard Group rolled out a digital adviser and began building up an investment team in China.