Re:Study Says World's Stocks Controlled by Select Few
by bsaunder on Saturday August 29, 2009 @09:16AM
(#793137)
they just track the indices
I don't think that's right. Only the specific funds (e.g. the Vanguard 500 Index Fund (VFINX)) that say they track the indices do that (and generally charge a lower 'management' fee). Most funds (e.g. the Vanguard Capital Value Fund (VCVLX)) try to beat the indices, charge higher fees and have a range of things they are allowed to buy. There's the control.
I don't think that's right. Only the specific funds (e.g. the Vanguard 500 Index Fund (VFINX)) that say they track the indices do that (and generally charge a lower 'management' fee). Most funds (e.g. the Vanguard Capital Value Fund (VCVLX)) try to beat the indices, charge higher fees and have a range of things they are allowed to buy. There's the control.