Slashing the cost of investing for retirement savers.
Index funds, which mirror the stock market’s performance at low cost, outperform the vast majority of funds run by high-priced stock pickers. Vanguard introduced the first such fund in 1976: Growth exploded four years ago as investors traumatized by the financial crisis began stampeding to index funds, overwhelmingly Vanguard’s, into which they now deposit over $100 million an hour. The “Vanguard effect” has forced competitors to cut their costs. The result: more comfortable retirements for millions of people.
Company Information
Impact Segment | Economic Opportunity/Financial Inclusion |
Sector | Financials |
Industry | Diversified Financials |
CEO | Bill McNabb |
Website | http://www.vanguard.com |
Employees | - |
Company Type | Private |
Revenues ($M) (Last Fiscal Year) | - |
Profits ($M) (Last Fiscal Year) | - |
Market Value ($M) | - |