More words of wisdom came from John Bogle, the founder of Vanguard Group. He talked to Morningstar’s Christen Bentz about the issues such as the role of mutual fund in corporate governance, financial reform, and target-date funds:
1. Bogle: Index Funds the Great Hope for Corporate Governance
Index funds will be called to task to play a larger role in corporate governance as they gather more assets, says the Vanguard founder
2. Bogle: Financial Reform Better Than Nothing
Vanguard founder Jack Bogle thinks that although financial reform was a step in the right direction too many questions were left unanswered.
3. Bogle: Unclear if Target-Date Funds Have Lived Up to Promise
Target-date funds are a great fundamental idea, but confusion over asset allocation and investment choices dilutes the benefit to the average investor, says Vanguard founder Jack Bogle.
Go to Morningstar for the complete transcript of these interviews.