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January 18, 2019

Index fund investor? Thank John Bogle

  • Vanguard Group's founder did not invent the index fund, but he introduced the first index fund for individual investors in 1976 — and ushered in a new era.

    • VALLEY FORGE, Pa. (AP) — John C. Bogle, who simplified investing for the masses by launching the first index mutual fund and founded Vanguard Group, died Wednesday, the company said. He was 89.

    Bogle did not invent the index fund, but he expanded access to no-frills, low-cost investing in 1976 when Vanguard introduced the first index fund for individual investors, rather than institutional clients.


     
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