Vanguard was founded in 1975 by Jack Bogle, and since then, thanks to the rise of index-tracking funds and ETFs, the company has grown to become the second largest fund manager in the world behind BlackRock, currently with about 30 million clients worldwide. Its ETF division received $ 210 billion in fresh capital last year, accounting for more than a quarter of global ETF market capital inflows.
In the last 12 months assets managed by Vanguard It jumped from $ 6,200 billion to $ 7,100 billion. BlackRock currently manages $ 7.8 trillion, with the provider raising $ 264 billion in fresh net capital in the first three quarters of 2020, analysts said it could grow further by the end of the year.
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