MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, October 5, 2010 USA Today Examines Vanguard's Crown Yet another media outlet has picked up on last week's news that Vanguard [see profile] has dislodged Fidelity as the largest fund firm by assets. On Tuesday, USA Today's John Waggoner see profile] reported on the Investment Company Institute's numbers and turned to Dan Wiener, editor of the Independent Adviser for Vanguard Investors, for perspective on Vanguard's feat. The paper notes Vanguard's flourishing exchange-traded fund business and on the mutual fund side, the pub notes that Vanguard's competitors have stumbled, pointing to the subpar performance of Fidelity Diversified Interntional, Fidelity Magellan and Fidelity Equity Income. As for American Funds [see profile], Wiener points out that while the funds remain strong performers, the funds are broker sold and investors are exploring other ways of obtaining advice. Printed from: MFWire.com/story.asp?s=33632 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |