MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, August 26, 2010 Forbes Retracts a Vanguard Story 35 Years Later Forbes is taking back what it wrote in 1975, when The Vanguard Group was born. "It's a bit late in coming but I'd like to officially retract a story FORBES published in May 1975. The piece, entitled 'A Plague on Both Houses?,' pooh-poohed the creation of Vanguard Group by John C. Bogle," wrote William Baldwin in a commentary posted on Forbes' Web site on Thursday. He continued: "This magazine focused on the disappointing past performance of Wellington funds and concluded, 'Both contenders may be left holding empty bags.'" "Not quite. Vanguard now manages $1.4 trillion, half of it in ultra-low-cost index funds." Printed from: MFWire.com/story.asp?s=33265 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |