Rodney Comegys (Vanguard): The main way to save for retirement is through index funds.
On the 50th anniversary of the first Vanguard fund, Comegys predicts that passive management will grow in Europe with financial education.
Vanguard launched the first index fund 50 years ago, changing the way people invest. Rodney Comegys, global head of Equity at Vanguard, says that index investing has expanded access to the market and saved US investors over $500 million in the last 25 years. Comegys supervises $8.5 trillion in assets and believes that index investing has reduced costs and increased access to investment. He also notes that investors should consider their risk tolerance and time horizon when choosing between different types of index funds.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
