Bogle: Indexing Always Pays Off
Although investors may lean toward active management in bonds and international equities, the Vanguard founder says it's only a matter of time until indexing catches on.
Christine Benz: I'd like to talk about indexing and how things have evolved in the index world. One thing we've seen in terms of investor choices recently is that investors have been using index funds for their U.S. equity exposure but generally preferring actively managed funds for fixed income as well as international. And I would like to get your sense of whether you think investors are making good choices there?
Jack Bogle: I have not looked at that data with the care with which I should before I answer that question, but let me give you a couple of thoughts.