Wealth and Asset Management
UK fund houses fear spread of ‘Vanguard effect’
Forty years ago, Vanguard was a little-known asset management company that had entered the US investment market with its first index-tracking fund. Its launch was described by Jack Bogle, Vanguard’s founder, as a “flop”. Fast forward to 2017, however, and the Pennsylvania-based group has been transformed into the world’s second-largest…
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Click here to read the full story: Financial Times