Financial Planning News
Fri, 12 Apr 2013
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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.
For many investors, the proliferation and tradability of ETFs serves as an unnecessary diversion to an otherwise sound investment program, says the Vanguard founder and former chairman.
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