(Bloomberg) — Vanguard Group is on track for another record year of inflows as investors increasingly shun stock pickers.

The world’s largest mutual fund company attracted $198.4 billion in the first eight months of this year, a 19% increase from the same period a year earlier, spokesman John Woerth said in an e-mail Thursday. In 2015, Vanguard lured $236.1 billion, the most ever for the company. 

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