Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Obama is Vanguarding Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, May 19, 2010

Obama is Vanguarding

News summary by MFWire's editors

Barack and Michelle Obama are Vanguard clients. Reuters' Caren Bohan reports that, according to the first couple's recent disclosure of 2009 wealth, the pair have "some retirement savings accounts" (Reuters doesn't specify whether they are IRAs, 401(k)s or something else) with the Valley Forge, Pennsylvania-based low-cost mutual fund firm.

According to their disclosures, the President has an account with between $50,000 and $100,000 in the Vanguard 500 Index Fund, while the First Lady has two such accounts investing in the same fund, each with the same asset range. The pair appear to have shifted those assets into the Vanguard 500 Index Fund from the Vanguard FTSE Social Index Fund. (Barack did so in June, and Michelle did so in July.) They now have less than $1,000 in the Vanguard FTSE Social Index Fund.

The President does not list any assets with Ariel Ivnestments, a Chicago-based mutual fund firm with which he has close ties. That move is probably to avoid any appearance of a conflict of interest.

The President's total wealth last year ranged between $2.3 million and $7.7 million. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use