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World's second-largest asset manager had data error for almost a year

Vanguard misinformed customers on how much money they could potentially earn on money market funds next year. This is but the most recent issue in a long line of problems the AM has had.

Photo: Cheng Leng/Reuters/Ritzau Scanpix

The world's second-largest asset manager Vanguard has once again faced criticism, after the company has misinformed its customers on the size of the estimated return on eight different investment funds. The error carried on for nearly a year, writes the Financial Times.

Vanguard claims no customers have suffered financially from the error.

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