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Vanguard: Low-Cost Active Still Has Value

Tim Buckley thinks investors are throwing the baby out with the bathwater by eschewing all active strategies.

Note: This video is the fourth of a six-part interview between Morningstar director of personal finance Christine Benz and Vanguard president and CEO Tim Buckley.

Christine Benz: Following up on the discussion about active management or noting that flows have been really robust into index products, not so much into even good-quality active funds--I'd like your take on that phenomenon. Also, does it affect your thinking about Vanguard's own lineup of actively managed products?