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.’ please take a minute to see who really owns Blackrock, and State Street, and so you can drill down into better understanding providing links, and if you don’t know Wellington and Vanguard go back to Bogle’s beginnings, Blackrock, PNC, State Street. T.Rowe Price, Discover Financial Services….. is there an antitrust issue here, (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. )