Index Funds Celebrate Their 50th Birthday
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4 Articles
The Daily Upside
BizTocIndex Funds Celebrate Their 50th Birthday
Boring won. On the 50th anniversary of the index fund, a look at how “Bogle’s Folly” became the dominant force in American investing. The post Index Funds Celebrate Their 50th Birthday appeared first on The Daily Upside.
Passive investment dominates the global stock exchanges. Meanwhile, however, the success of the index assets is so great that they could trigger the next crash.
August 31st marks 50 years since Jack Bogle launched the world's first widely available index fund. The idea deserves to be celebrated. But it was based on others setting the prices, and there are fewer of them every year. Few people save in mutual funds like the Swedes, and more and more are turning to index and index-like management, writes Mats Langensjö, management consultant Arkwright.
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