Active managers are not the only ones with a bone to pick against exchange-traded funds. Vanguard [profile] is the third-biggest ETF provider in the country, yet its outspoken founder and ex-CEO, Jack "father of indexing" Bogle, is not a fan of the products, ETF Trends reports.

"To this day, Jack hates ETFs," said Gus Sauter, Vanguard’s chief investment officer. "Jack views them as solely trading vehicles."

Yet despite Bogle's reservations, $170 billion of Vanguard's $1.3 trillion in index fund assets is in ETFs. 

Edited by: HFD


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