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Wednesday, September 07, 2011

Bogle Touts the Origin of Passive Funds

News summary by MFWire's editors

Fundsters interested in the beginnings of the index mutual fund may want to take a look at Saturday's edition of the Wall Street Journal. Vanguard [see profile] founder Jack Bogle penned an op-ed detailing his story of being inspired by economist Paul Samuelson and then creating the first index fund, the First Index Investment Trust (now called the Vanguard 500 Index Fund). 

Edited by: Neil Anderson, Managing Editor


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