FYI: Quick — what’s the first word you associate with Vanguard Group Inc., the $5.1 trillion investing giant? Perhaps it’s “indexing” or “passive,” referring to some of the asset manager’s largest fund offerings, such as its $577 billion Vanguard Total Stock Market Index Fund or the $154 billion Vanguard Total Bond Market II Index Fund.
John Hollyer, global head of fixed income at Vanguard, would much prefer you use the term “low cost.”
Regards,
Ted
https://www.bloomberg.com/opinion/articles/2019-02-06/vanguard-defends-the-value-of-active-bond-funds
