13 digits — The biggest mutual fund in the business may cross that line before you know it.
| Mortimer J. "Tim" Buckley|
The Philadelphia Inquirer highlights
the growth of the Vanguard Total Stock Market Index Fund
, which could become the first $1-trillion-AUM mutual fund this year. (According to Morningstar, the fund currently has $901.9 billion
in AUM. Its sister ETF holds $145.5 billion
To put those numbers in perspective, as of the end of December, the entire industry had $20.734 trillion in mutual fund AUM (including ETFs, but excluding money market funds and funds of funds). There were only 29 firms with more than $100 billion each in mutual fund AUM . Of those 29, only four had more than $1 trillion each in mutual fund AUM.
Neil Anderson, Managing Editor
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