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Vanguard is owned by the funds managed by the company and is therefore owned by its customers. [11] Vanguard offers two classes of most of its funds: investor shares and admiral shares. Admiral shares have slightly lower expense ratios but require a higher minimum investment, often between $3,000 and $100,000 per fund. [12] Vanguard's corporate headquarters is in Malvern, a suburb of ...
John Clifton " Jack " Bogle (May 8, 1929 – January 16, 2019) was an American investor, business magnate, and philanthropist. He was the founder and chief executive of The Vanguard Group and is credited with popularizing the index fund. An avid investor and money manager himself, he preached investment over speculation, long-term patience over ...
PRIMECAP Management Company (Primecap) is an American investment management firm based in Pasadena, California. The firm is known for managing US-focused equity portfolios for The Vanguard Group (Vanguard). In 2004, it launched its own mutual funds, the Odyssey Funds. In additional, it also handles separately managed accounts for institutional investors .
Vanguard prides itself on having an expense ratio for the average Vanguard mutual fund or ETF that is 83% lower than the industry average. Vanguard offers several tiers of advisory services.
Vanguard made a name for itself by creating and offering low-fee investment products such as mutual funds and exchange-traded funds (ETFs).
In the words of Jack Bogle, the late founder of Vanguard, index fund investing means buying the whole haystack rather than looking for the needle in the haystack.
History In 1928, Philadelphia-based accountant Walter L. Morgan established the first balanced mutual fund in the United States, the Wellington Fund. [5] Wellington Management Company was incorporated in 1933.
For many long-term investors, Vanguard's ETFs and mutual funds are the go-to choices, and there's a good reason why.