The world's second-largest asset manager, Vanguard, has reported its best year since entering the Australian market 20 years ago, luring $5.7 billion into its exchange-traded funds as investors sought diversified exposure to wild coronavirus sharemarkets.
The $9 trillion investment manager had a 12 per cent increase in inflows to its core ETF business from Australian investors last year, compared with calendar year 2019.
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Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
