MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, February 14, 2002 A New Fund Industry Association? Is there a need for index fund managers to come together? Vanguard founder Jack Bogle thinks there is. He is planning to write letters to the leading index managers and funds specializing in low-turnover investing seeking to form a new group, reports the Wall Street Journal. The goal would be to clean up the accounting and corporate governance mess coming to light in wake of the Enron collapse. Bogle believes these investors are especially harmed by poor practices since they cannot easily dump shares of bad actors. "I'm not saying we should conspire, but we should get together and exchange ideas," the paper quotes Bogle as saying. Printed from: MFWire.com/story.asp?s=1868 Copyright 2002, InvestmentWires, Inc. All Rights Reserved |