Reporting by Chandni Shah in Bengaluru; Editing by Thomas Derpinghaus
This week on Reuters
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By Reuters
The logo for Vanguard is displayed on a screen on the floor of the
New York Stock Exchange (NYSE) in New York City, U.S., June 1, 2022.
REUTERS(Reuters) - Vanguard's assets under management outside the U.S. have exceeded $1 trillion for the first time, the Financial Times reported on Sunday.
In the next five years, the asset manager is seeking to more than double its international client count to nearly 40 million, the FT report said.
Chris McIsaac, Vanguard's international head, said the firm's business outside the U.S. doubled its assets over the past five years, adding that "at this pace, it will take us another five to attract the next $1 trillion."
Reporting by Chandni Shah in Bengaluru; Editing by Thomas Derpinghaus
This week on Reuters