Vanguard targets 1 trillion dollars in European assets
The asset manager plans to expand its European exchange-traded fund range and explore new distribution partnerships with fintech firms. Vanguard also intends to become the largest retail investment platform in Britain while doubling its total overseas assets to 2 trillion dollars.
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Vanguard aims to double its European assets to $1 trillion within five years by expanding its retail product range. The firm currently manages $535 billion in the region and plans to increase its ETF offerings to 70 products. This expansion targets the top retail spot in the United Kingdom, challenging established players like Hargreaves Lansdown—currently about five times larger—through low-cost index trackers.
