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Why Vanguard's Actively Managed Funds Are A Better Bet

FYI:In 1991, Dan Wiener, a magazine reporter covering mutual funds, decided to get into the newsletter business. As the name he chose for his letter made clear, the mission of the Independent Adviser for Vanguard Investors would be to provide unbiased advice to clients of the Malvern, Pa., fund giant. Explains Wiener: “As a mutual fund writer, I had all this information at my fingertips that average investors didn’t. And investors got no advice from Vanguard, so I thought this might be valuable.”
Regards,
Ted
http://www.kiplinger.com/printstory.php?pid=12652

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