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No-show flows

16 July 2018 By Tom Buerkle

The manager of over $6 trln of assets saw inflows plunge 80 pct year-on-year in the second quarter as clients slashed stock holdings. Vanguard is also pulling in less money. Rivals have chafed at the duopoly’s dominance, but this weakness should send shivers up their spines, too.

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