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 |
|
Monday, July 1, 2013 Barron's Applauds Vanguard's $650B Index Switch It is done. Low cost fund giant Vanguard [profile] has completed moving $650 billion, managed in 22 different funds, from the MSCI Inc. indices onto those operated by competitors FTSE Group and the University of Chicago’s Center for Research in Security Prices, or CRSP, Barron's Brendan Conway reports. Vanguard first made the announcement in October, making the change official in January. Vanguard's Gus Sauter said the shift will lead to long-term savings. Earlier in the year, some voiced concerns over the epic shift, but in the "The bottom line: The transitions went very smoothly and we expect investors will benefit from the cost savings and cost certainty associated with these transitions for many years to come," he writes. Printed from: MFWire.com/story.asp?s=44638 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |