Vanguard Group, the large investment firm known for its low-cost mutual and exchange-traded funds, reported a record level of customer inflow at $130.4 billion in the first 11 months of 2012.
The firm said that $72.3 billion went into stock funds, $54.5 billion to bond funds and $6.3 billion to balanced funds.
With savings rates at extremely low levels, Americans may be turning to stock market and other investments to chase better returns. The Dow Jones Industrial Average logged a 7.69 percent increase year-to-date. The national savings-rate average is 0.34% APY, according to bank data tracked by MyBankTracker.
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