MutualFundWire.com: Vanguard vs. The FT
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Wednesday, April 3, 2013

Vanguard vs. The FT


Bill McNabb says you shouldn't believe everything you read in the Financial Times.

Yesterday the international business newspaper posted a Vanguard [profile] article from its Ignites subsidiary. Armed with a quote from Vanguard retail chief Nick Blake, the article wonders if the low-cost mutual fund titan will launch a zero-expense ratio ETF.

Yet a Vanguard dismisses that speculation as nonsense. Company spokesman told Brendan Conway of Barron's that "Vanguard has no plans to offer a zero expense ETF."


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