Vanguard’s big push into financial advice
Asset management’s great disrupter has picked a new target
FUND MANAGEMENT shouldn’t be fun. That was why Jack Bogle founded Vanguard, an American asset manager, in 1975. In the long run, almost all actively managed investment funds fail to beat the average market return. Paying fund managers hefty fees to pick stocks for you is not just pointless, but damaging. Much better to invest in low-cost “passive” (that is, automated) funds that buy the whole market.
This article appeared in the Britain section of the print edition under the headline “Automatic for the people”
Britain January 15th 2022
- Boris Johnson’s career of rule-breaking runs into crisis
- Expensive energy is baked into Britain’s future
- Omicron and the logic of testing
- Non-religious celebrants are leading more of England’s funerals
- Britain still has a few patches of rainforest, which need help
- Vanguard’s big push into financial advice
- What did you expect from Boris Johnson?
From the January 15th 2022 edition
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