In the latest Financial Analysts Journal, John Bogle the Founder and Former CEO of Vanguard, describes the staggering triumph of indexing in the US:
Index assets grew from $11m in 1975 to $4trn today.
Indexed market share in equity mutual funds (unit trusts) have grown from 4% in 1994 to 34% in 2015.
ETF equity assets have grown to $1.7trn. Mr Bogle, is critical of investors i...