Vanguard tops $1 trillion in assets outside the US, FT reports

Vanguard’s assets under management outside the ​US 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.”