FYI: This week, our Masters in Business [1] radio podcast, we speak withBill McNabb, chief executive officer and chairman of Vanguard Group.
He has a message for the fund industry: “We are not done on the cost side,” he said in an interview earlier this week as part of the Masters in Business [1] series. “We think we need to keep raising the bar on that.”
Vanguard, a pioneer in the business of index funds, now has about $3.1 trillion in assets under management. Its mutual ownership structure gives it a 30 percent to 40 percent cost advantage, McNabb said.
Regards,
Ted
http://www.ritholtz.com/blog/2015/05/mib-bill-mcnabb-ceo-of-vanguard-group/print/
