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Vanguard: An Investment Leader That Keeps Streamlining

FYI: (This is a follow-up article)
For seven years in a row, U.S. investors have sent more money to Vanguard Group, the world's largest mutual fund company, than any of its rivals, says fund-tracker Morningstar Inc.

The Malvern-based company now controls 5 percent of every stock exchange-listed U.S. company.
Regards,
Ted
http://www.philly.com/philly/business/20160214_Vanguard__An_investment_leader_that_keeps_streamlining.html

Comments

  • So, Vanguard is another American company that outsources jobs, fires older employees, and blocks lower employees from earning bonuses. How sad.

    I guess that's why I'm voting for S...(no, I won't say his name. I don't believe this is the right forum for political discussions. Ah heck, Go Bernie!!! Sorry. I lost control.)
  • It is truly unfortunate that Vanguard choose to go down that road - basically mistreating their employees. They are all ready considerable lower in fee than their closest competitor, i.e. Black rock. Further reducing their operating expense does not make much sense.
  • This is a welcome change to reduce prices compared to " charge what the market can bear" attitude of every other service personnel.
  • Yes, it's definitely welcome to shift yet more jobs overseas and to put yet more Americans out of work and then to wonder why the economy sucks.
  • "...Vanguard says its edge is based on its unique business structure."
    What's unique about outsourcing jobs and age discrimination? Hell, you can find that anywhere.
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