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January 17, 2019

Vanguard founder Bogle dies at 89

VALLEY FORGE, Pa. (AP) — Vanguard Group founder and investing pioneer John C. Bogle has died at age 89, according to the company.

Bogle simplified investing for the masses by introducing the first index mutual fund for individual investors in 1976. Vanguard also shook up the industry by ending the company's reliance on outside brokers by directly marketing its funds to investors without charging upfront fees known as sales loads.


 
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