Mon, 15 Oct 2012
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Vanguard principal and ETF strategist Joel Dickson responds to worries that increased passive investing has led to more market volatility and that ETFs cause investors to gamble with their portfolios.
The switch from MSCI to FTSE and CRSP indexes for 22 Vanguard funds is all about three things, says Vanguard principal Joel Dickson: cost, cost, cost.
The Vanguard founder expects muted returns of less than 5% for stocks and 0% for bonds after inflation .
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