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...BlackRock, Vanguard and State Street have come under particular fire because their funds collectively control about 20 per cent of most large US companies....
...However, Vanguard’s equivalent ETFs — the Vanguard Russell 1000 Growth ETF (VONG) and the Vanguard Russell 1000 Value Index ETF (VONV) — grabbed an additional 4.2 percentage points of the four funds’ combined...
...Three fund firms have emerged as leaders in Australia’s exchange traded fund industry, which has become one of the fastest growing in the world....
...Just buy the haystack,” wrote John Bogle, the late founder of investment firm Vanguard. His quip is now conventional wisdom....
...“The Vanguard Wellington fund goes back to 1929, and one of the reasons that product [has] survived . . . is because it was a balanced, diversified portfolio,” says Rodney Comegys, who heads Vanguard’s equity...
...Of a balanced fund, which includes bonds, a sensible allocation would be lower still. So I hope you will pardon me for giving my Vanguard Japan ETF a quick going over....
...“It’s inexorable,” says John Rekenthaler, who has been tracking mutual funds for Morningstar since the 1980s. “I don’t see what a mutual fund can do better than [an] ETF . . ....
...In the meantime, they have badly lagged cheap index tracker funds that have reaped huge gains from the bull market....
...When it recently emerged that John Kerry would shortly leave his role as climate envoy to join the re-election campaign of US President Joe Biden, some wondered if that meant Kerry was abandoning his green...
...Sir John Armitt, chair of the National Infrastructure Commission, has hit out at a drive to push pension schemes to invest more in Britain, saying there is “no reason” funds should have a home bias....
...Part of the pain has been sector-wide, with midsized managers finding themselves squeezed between juggernauts, such as BlackRock and Vanguard, and specialist managers, such as Baillie Gifford....
...Equity fund managers, already squeezed by years of competition from ultra-low-cost index tracker funds, could be among the losers....
...BlackRock’s lead in the US exchange traded fund market is being eroded by Vanguard and smaller rivals as firms jockey for a larger slice of the $8tn industry....
...So despite the shrinkage, public markets still appear capable of performing a central and vital function. john.plender@ft.com...
...The Big Four index funds of Vanguard, State Street, Fidelity and BlackRock control more than 20 per cent of the votes of S&P 500 companies....
...The attendees included former British prime ministers Tony Blair and John Major as well as media tycoons Rupert Murdoch and Michael Bloomberg....
...It is starting with 57 index ETFs and mutual funds. Its flagship S&P 500 fund, SPY, the world’s largest with $431bn in assets, is not eligible because of rules surrounding its structure as a unit trust....
...Indeed, the size of the benefits of index funds, and the reasons that so much capital is currently managed by private equity funds, mean that the problem of twelve is better thought of not as a problem to...
...Index Trust ranking among the top picks....
...Selling Mayfair: The new owner of the Sotheby’s London real estate franchise aims to disrupt the business of selling multimillion-pound homes in the city....
...Wall Street is quietly becoming the vanguard of innovation in crypto-based technologies....
...Some of these funds related to the Russell index rather than the Standard & Poor’s index....
...By the end of 1999, Arm’s market valuation had surged to £6bn and it had entered the FTSE 100 index, before being sideswiped in the dotcom crash of 2000....
...All of Ukraine’s economy routes through the Black Sea,” said Andrey Stavnitser, co-owner and chief executive of TIS, a terminal operator at the Black Sea port of Pivdenny....
...Chart of the day One of the most well-established patterns in measuring public opinion is that every generation tends to move as one in terms of its politics and general ideology, writes John Burn-Murdoch...
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