There has been a lot of talk over the past few years about how passive investing and the rise of exchange traded funds (ETFs) would be the next financial market bubble that would wreak havoc for investors. There hasn’t been a period of panic in financial markets similar to what occurred in 2008 to test the mettle of ETF products – that is, until the COVID-19 pandemic of 2020.
Tag: Mutual Fund
In Memory of Bill Fouse, Index Fund Pioneer
It is a common misconception that Jack Bogle and Vanguard Group created the first index mutual fund. While Bogle and Vanguard helped to bring index investing to the masses with the first public index mutual fund, it was actually William Fouse at Wells Fargo in the early 1970s that launched the first index fund marketed…