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The Vanguard Group offered the first index fund for retail investors.
Vanguard, an investment management firm headquartered in Malvern, PA, manages around $2 trillion in retail and institutional investors’ assets through ETFs, mutual funds and other financial services.
Founder John C. Bogle created the first ever index fund for retail investor and changed the game. Additionally, investors in Vanguard funds own the firm.
Vanguard funds have a killer combination working to their advantages — a passive index approach paired cheap prices, which have brought investors in and away from actively managed mutual funds.