Why Vanguard Was Hard to Beat in 2014
It was tough for active managers to outpace Vanguard's low-cost index funds in 2014, and many of its active funds also outperformed.
Jason Stipp: I'm Jason Stipp for Morningstar.
Vanguard had a record year of inflows in 2014, but how about their fund performance? I am here with Bridget Hughes and Mike Rawson from Morningstar's Manager Research team covering Vanguard to get their take on how Vanguard did in 2014.