Asset management firm Vanguard Group reached a milestone of $3 trillion in assets – a record in the mutual fund industry. With the firm’s increase in assets, it is now larger than the entire hedge fund industry.

The company has been encouraging its investors to put money into passively managed products. This year, through August, Vanguard has seen $57 billion of inflows in passively managed funds, while investors pulled $59 billion from stock funds.

As the largest mutual fund company, Vanguard is a popular choice for many investors. Below are the three largest mutual funds that Vanguard manages

For mutual fund investors, it is important to pay attention to trends in the industry, including the inflows and outflows of the different types of funds. The recent news of Vanguard’s record breaking assets is just one of the signs of the growing popularity of mutual funds.