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Tuesday, June 11, 2013

InvestmentNews Celebrates the Gospel of Bogle

News summary by MFWire's editors

Slowly but surely the rest of the funds reporting world is finally catching on to what we bagged back in May–mainly that Jack Bogle is boss.

As Bogle has been stressing, overpaying for investment management is precisely that–overpaying, and investors are tuning in to the gospel of Bogle and dumping money into the lowest-cost funds and ETFs InvestmentNews reports.

Mike Rawson, a mutual fund analyst at Morningstar notes that A shares aren't racking it in like they used to.

As we noted yesterday, Bogle preaches an unconvential type of thinking. Could a not-for-profit modus operandi be the next big trend?

For more, see the InvestmentNews story here

Edited by: Nicole Spector

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