The Vanguard Group

The Vanguard Group is a major investment management company known for its low-cost mutual funds and exchange-traded funds (ETFs). Founded in 1975 by John Bogle, Vanguard pioneered the concept of index funds, which aim to track the performance of a market index rather than trying to outperform it. This approach helps investors save on fees, as index funds typically have lower management costs. Vanguard operates under a unique ownership structure, where its funds own the company, aligning its interests with those of its investors. This makes Vanguard a popular choice for individual and institutional investors seeking long-term growth.