Paul Malloy, who managed approximately $300 billion in municipal assets, has left investment firm Vanguard Group after more than two decades.

Vanguard Group's S&P 500-tracking ETF, VOO, has become the first fund of its kind to surpass $1 trillion in assets, driven by a strong appetite for US stock dips and marking a significant milestone for the ETF industry.

Blackstone Inc. has partnered with Wellington Management Co. and Vanguard Group to introduce two new funds, aiming to provide individual investors with access to private assets, expanding beyond its traditional institutional client base.

Dimensional Fund Advisors has become the first asset manager to introduce an exchange-traded fund share class of a mutual fund since Vanguard Group's patent on the model expired, launching its first active ETF share class.

Paul Malloy, head of municipals at The Vanguard Group Inc., stated that attractive yields and robust credit fundamentals are positioning the municipal bond market for a solid performance in the latter half of the year.

Data from Vanguard Group shows that Americans are withdrawing money from their pension accounts earlier than normal, at record rates, to cover current expenses,...