Vanguard Group's global net inflows hit $151 billion in 2022 during a tumultuous year for financial markets, a slide of nearly 50% from the $299.4 billion the investment giant saw in 2021, a firm spokesman confirmed Friday.
One of the world's largest investment managers, Vanguard ended 2022 with $7.2 trillion in assets under management, compared with $8.5 trillion in AUM at year-end 2021, the spokesman said.
"Since our founding, Vanguard has encouraged investors to tune out the market noise and focus on what matters most. In 2022, our investors continued to do just that," the spokesman said via email.
"Despite significant headwinds across all major asset classes, Vanguard funds experienced strong net cash inflows. For many investors, ETFs remained the vehicle of choice for low-cost, broadly diversified exposure to the stock and bond markets."
