Bill McNabb says you shouldn't believe everything you read in the
Financial Times.
Yesterday the international business newspaper
posted a
Vanguard [
profile] article from its Ignites subsidiary. Armed with a quote from Vanguard retail chief
Nick Blake, the article wonders if the low-cost mutual fund titan will launch a zero-expense ratio ETF.
Yet a Vanguard dismisses that speculation as nonsense. Company spokesman
told Brendan Conway of
Barron's that "Vanguard has no plans to offer a zero expense ETF." 
Edited by:
Neil Anderson, Managing Editor
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