CAHPTER 8
INDEX INVESTING
While Vanguard is famous for index investing, it is officially agnostic on active management versus indexing, so long as both feature low costs and low fees. It offers both approaches and is increasingly a global leader in both.
Vanguard manages more than 200 index funds and index-based ETFs, offering them individually to clients and as components of its increasingly popular Target Retirement and LifeStrategy funds (see Chapter 17). What began as Gus Sauter and one assistant has grown into an organization of 80, including several PhDs, who work with Rodney Comegys in the Equity Index Group.1 The group analyzes the many indexes they replicate both to anticipate small changes and to develop trading strategies to moderate ...
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