Vanguard Founded
About Vanguard Founded
John Bogle founded Vanguard in 1975, creating the first index mutual fund available to individual investors. Bogle argued that most actively managed funds underperform the market after fees. His philosophy of low cost, passive investing revolutionized the financial industry. The Vanguard 500 Index Fund, launched in 1976, was widely mocked by Wall Street as Bogle folly and un American. It became one of the largest investment funds in history. Vanguard manages over 8 trillion in assets. The shift to passive investing has transformed markets, concentrating voting power in index providers and raising questions about corporate governance.
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