Vanguard breaks $1 trillion overseas barrier as CEO targets 40 million clients
Vanguard’s client assets outside the U.S. have surpassed $1 trillion for the first time. The firm plans to grow its international client base from 17 million to nearly 40 million within five years. Vanguard is also cutting UK stocks and bonds in its £52 billion LifeStrategy funds, despite government pressure to boost domestic investment.