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Vanguard Employees Won’t Have An S&P 500 Index Fund In Their 401(k) Plan

TedTed
in Fund Discussions
FYI: Employees at investment giant Vanguard Group will no longer have access to an S&P 500 index fund SPX, +0.86% as a choice in its 401(k) retirement plan, according to a report in the Philadelphia Inquirer.

Vanguard confirmed the change.

“We believe the Total Stock Market Index Fund VTSMX, +0.14% VTI, +0.85% VTSAX, +0.14% is the best proxy for the U.S. market, offering exposure to large-, mid-, and small-cap stocks, whereas Vanguard Institutional Index Fund concentrates on large-cap stocks,” a spokeswoman told MarketWatch in an email.
Regards,
Ted
https://www.marketwatch.com/story/vanguard-employees-wont-have-sp-500-funds-in-the-401k-plan-2018-06-06/print

Comments

  • PennyBonds
    Smells like a lawsuit coming.
  • VintageFreakVintageFreak
    Err...why. Makes sense to me to use Total Stock Market Index. It is more diversified.
    Is there an all-in-one index fund at Vanguard like FFNOX?
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