Bill McNabb, chief executive officer of theVanguard Group, has 130 billion reasons to smile this holiday season. That’s $130.4 billion to be more precise.

Vanguard Group yesterday said it eclipsed the industry’s single-year record for asset inflows in 2012, taking in $130.4 billion in net cash inflow through November 2012. According to a press release, the firm said it outpaced the record held byJ.P. Morgan Chasein 2008 of $129.6 billion, citing data fromStrategic Insight.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access