Summary of Is Vanguard Changing Course?
The video discusses Vanguard's recent changes, including naming a new CEO from BlackRock, raising fees on some accounts, and fund performance. The new CEO, Saleem Romi, brings experience in indexing strategies and ETFs. Challenges for Romi include upholding Vanguard's client-first approach, managing costs in a larger company, and determining future business directions. Vanguard's funds have seen both outperformers, like the Vanguard US Momentum ETF, and underperformers, such as dividend-focused funds. The video also mentions changes in Vanguard's brokerage fees, new active Bond ETF launches, and a manager change in the Vanguard Explorer Value Fund. No significant Morning Star medalist rating changes have been reported. The video features Susan Javinsky and Dan Saof, Morning Star's lead Vanguard analyst.
Notable Quotes
— 06:41 — « Vanguard dividend growth lost about seven billion over those two years. »
— 08:21 — « The big thing is thats where a lot of the money is going these days. »
— 10:56 — « The worst performers are trailing because they arent holding those Magnificent Seven stocks. »
— 13:35 — « You might not get a lot but youre not paying a lot at the end of the day. »
Category
Business and Finance