NEW YORK: Vanguard’s assets under management outside the United States have exceeded US$1 trillion for the first time, the Financial Times reports
In the next five years, the asset manager is seeking to more than double its international client count to nearly 40 million, the report said.
Chris McIsaac, Vanguard’s international head, said the firm’s business outside the United States doubled its assets over the past five years.
He added that “at this pace, it will take us another five to attract the next US$1 trillion.” — Reuters
