Jack Bogle made these comments speaking to a group today, Vanguard’s Bogle tells CFA Institute…., by Erin Arvedlund, May 23, 2017
“index-fund management is heavily concentrated among three giant, trillion-dollar money managers that together hold some 20 percent of U.S. stocks,” Bogle said. “The impact of all this concentration remains to be seen.” . He speculated that concentration could even invite scrutiny from regulators.
The three firms are, ‘ Blackrock, State Street Global Advisors and Vanguard, with a total of about 21 percent of the entire indexing market.’ Just so you know please take a minute to see who really owns Blackrock, and State Street, and so you can drill down into better understanding providing links to further educate you, and if you don’t know Wellington and Vanguard go back to Bogle’s beginnings, do some homework, Blackrock, PNC, State Street. T.Rowe Price, Discover Financial Services…..there is an antitrust issue here, I have no idea why mainstream media is not reporting on this, (United States antitrust law is a collection of federal and state government laws that regulates the conduct and organization of business corporations, generally to promote fair competition for the benefit of consumers. )
Please read the article for the full story, the link has been embedded to make it easy. I have pulled out the blatantly obvious that supports what I know to be facts, and those facts are, number one, you betcha Vanguard is getting scrutiny from regulators, the IRS has an OPEN investigation going on OVER four years for TAX EVASION, and I know for a FACT the SEC and FINRA are both investigating Vanguard, and I happen to know a WHOLE lot about those charges too. So, I’ll say it again, and again, you have been educated. In life we make decisions based on the knowledge we have. You have been given voluminous knowledge on the injustices and unethical behaviors at Vanguard. Indexing has caused significant damage in America. The article states, ‘Bogle predicted that 10-year equity returns could be as low as 4 percent annually, based on the current price-to-earnings compression in the stock market.’, looks like active management may have a value added over the next 10 years if they only have to beat 4%.