Is Vanguard the Sinking Ship ?
New business drops for world’s second-largest asset manager as net cash flows fall by half to $151bn.
Net investor inflows dropped to $151bn in 2022, down 49.6 per cent on the $299.4bn in new cash gathered over the previous year, according to data provided by the company.
Vanguard is in deep water as a recent report showed that Vanguard could lose at least $3 trillion by 2050 if it fails to act on the climate crisis. And it's falling further and further behind.
Is Vanguard steering the world toward financial and climate disaster?
Will its investors face increasing wealth destruction? Vanguard might not be the safe, steady choice as it claims to be.
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