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Passive funds batter active products during 2020 ‘wild ride’

Vanguard had net inflows of $67.7bn in the first six months of the year, while BlackRock gathered almost $74bn, making them the world’s best-selling mutual fund managers
Vanguard had net inflows of $67.7bn in the first six months of the year, while BlackRock gathered almost $74bn, making them the world’s best-selling mutual fund managers © FT montage; Alamy Bloomberg

BlackRock and Vanguard have topped the leader board of best-selling mutual fund managers globally this year, benefiting as investors fled well-known active investment houses in favour of cheap passive products.

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