October 6, 1996 |
When legendary investor John Neff left the helm of Vanguard's Windsor fund after 31 years last Dec. 31, some investors wondered whether any mere mortal could match Neff's record of gaining 13.8 percent annually, on average. Vanguard headed off the worrying as best it could by reaching into its own ranks for a successor and picking Charles T. Freeman, who had worked under Neff for 26 years managing Windsor. Many investors - including Neff - left their money in the fund, waiting to see what Freeman would do. Well, here it is nine months later, with Freeman in control, and Windsor looks . . . well, as if Neff never left.
February 14, 2016 |
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. Yet Vanguard doesn't act like other dominant U.S. companies. Instead of boosting prices, as Apple iPhone users and Comcast Xfinity-watchers suffer most years, Vanguard continues to cut its fees, already among the industry's lowest, according to Morningstar.
January 29, 2002 |
Vanguard Group was the top-selling mutual-fund company last year, putting the Malvern firm within striking distance of Fidelity Investments as the world's largest fund company. Investors poured $35.45 billion into Vanguard funds in 2001, which was about 30 percent of the $117 billion total in new fund investments, according to Financial Research Corp., of Boston. That brought the total invested in all Vanguard funds to $498.6 billion, compared with $546.9 billion for Fidelity, of Boston.
December 12, 2012 |
You might have invested in your retirement via 401(k) accounts, one of the primary vehicles by which we shoot for financial security after we stop working. We trust our employers to provide these plans at a low cost. Mark Mensack, a new cop on the 401(k) retirement beat, says we and our corporate plan sponsors might be getting ripped off. And he wants to help: Mensack's expertise is in the area of 401(k) hidden fees and ethical issues in the retirement-plan marketplace. He has 14 years of experience as a financial adviser with broker-dealers, and three as a registered investment adviser.
February 6, 1993 |
The Vanguard Group said yesterday it wanted to lower the fees it pays to investment advisers for 16 of its mutual funds, which would save shareholders in those funds about $3.9 million per year. The Valley Forge mutual-fund group said it was seeking approval of the fee- schedule change from the funds' shareholders in proxy statements. Vanguard, the nation's second-largest direct-market mutual-fund company, operates more than 70 stock, bond and money-market mutual funds, some of which are managed by outside contractors.
June 14, 2002 |
Vanguard Group, the Malvern-based mutual fund company, has boosted its annual bonus to employees by 13 percent. More than 10,000 Vanguard workers who have been on the job since at least Dec. 31 learned of the increase in the company's "partnership points" bonus program this week. Depending on workers' job level and years of service, the increase can mean several thousand dollars of extra pay. Despite the weak investment climate and poor results for most U.S. stock investors, including owners of Vanguard's popular stock-index funds, Vanguard stock and bond funds generally made more (or lost less)
October 9, 2012
DEAR HARRY : My father showed me an article about John Bogle (he's the guy who founded Vanguard Funds) in which Bogle once again promoted index funds. I have been an investor in no-load funds ever since I heard your favorable opinion at least 10 years ago. But I have never really understood why going for the "average" of a group (as you do in index funds) is better than going for a policy of beating the average. Don't we all hope that we can do better than the market average? Should I go for Bogle's advice, or should I look for the funds or individual stocks that have a good history and good prospects?
March 17, 2014 |
Why don't they just hire Vanguard ? The Pennsylvania State Employees' Retirement System thought some explaining was in order. PSERS needed $1.4 billion from state and local property taxpayers last year, and it expects to need $2.7 billion next year, it told legislators in February in its yearly report. That's after paying $552 million to hundreds of private investment firms - more than half the total for private equity, private debt, hedge, venture capital, commodity, and other investments you can't buy from a broker - to keep its assets from sliding farther below its liabilities.
May 17, 2016 |
Don't you wish someone would do this for you? California Assemblyman Mike Gatto, a Los Angeles Democrat who is backed by labor unions, says he sympathizes with the little guy fighting unfair systems. "When a whistle-blower comes forward, they are usually doing a very good job for society," Gatto told me. But that's not how he felt last winter, when Gatto read an online commentary about how Vanguard Group, the Malvern-based private company that runs the nation's largest and fastest-growing mutual fund operation, might owe "billions" in unpaid income taxes.
December 17, 2003 |
Vanguard Group said yesterday that it was introducing a completely automatic 401(k) plan to address the reluctance of many retirement savers to make investment decisions. The Malvern fund giant's One Step plan automatically enrolls participants in an appropriate mix of mutual funds, changes this allocation as they age, and increases their contribution levels each year. "Many workers struggle with making critical retirement-savings decisions," said Stephen Utkus, a researcher at the firm's Center for Retirement Research.