Vanguard Group captured the title of best-selling fund group for 2007.
Financial Research Corp., which tracks the mutual fund industry, calculated that the Malvern-based mutual fund firm attracted $76.2 billion last year, compared with $42.7 billion the year before.
Vanguard squeaked past American Funds, which saw $74.7 billion flow into its funds in 2007. In contrast, American Funds attracted $74.0 billion in 2006.
American Funds still has more assets than any other mutual fund family at $1.15 trillion at the end of December. Vanguard's assets totaled $1.08 trillion.
And what was Vanguard's best-selling fund last year? Investors poured $16.9 billion into its Total Stock Market Index fund. That fund had assets of $104.7 billion as of the end of December.
