New cash flows for Vanguard fell by half last year in a slowdown that leaves the world’s second-largest asset manager trailing farther behind its larger rival and closest competitor BlackRock. 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. More than half of Vanguard’s total assets are invested in tracker funds that closely follow broad financial benchmarks, such as the S&P 500 or FTSE 100, so it was hit hard by the simultaneous falls that battered equity and bond markets globally in 2022.
Mutual Fund Report for SHSAX
BlackRock generated $17.9 billion in revenue in 2022, which was 7.7% lower than the year-ago period. What was behind BlackRock this dip in revenue? Because of the decline in markets, BlackRock's average assets under management (AUM) fell 4.4% year over year to $8.9 trillion in 2022.