Pedestrians pass in front of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, June 4, 2018. Photographer: Michael Nagle/Bloomberg

(Bloomberg) –Vanguard Group is attracting a lot less money from investors this year compared with 2017. Turns out, the mutual fund giant’s not alone.

Vanguard, the world’s second-largest money manager, collected $138 billion in the first half of 2018, down from $237 billion in the same period a year ago, according to the firm. That’s a decline of 42 percent. By comparison, total U.S. fund flows — money going into exchange-traded, active and passive mutual funds — fell roughly 50 percent, according to Bloomberg estimates.

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