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
Discover stories from this section and more in the list of contents
Explore the editionMore from Britain
Britain’s family courts are opening up to reporters
Transparency and privacy can work together
Has the Royal Navy become too timid?
A new paper examines how its culture has changed
A plan to reorganise local government in England runs into opposition
Turkeys vote against Christmas
David Lammy’s plan to shake up Britain’s Foreign Office
Diplomats will be tasked with growing the economy and cutting migration
Britain’s government has spooked markets and riled businesses
Tax rises were inevitable. Such a shaky start was not
Labour’s credibility trap
Who can believe Rachel Reeves?