Vanguard International High Dividend Yield Index Fund
follows an income investing strategy, focusing on companies with high dividend yields.
Many investors sing the praises of index funds
. When you consider the recent dominance of indexes such as the S&P 500, what's not to like?
Bogle founded the Vanguard Group and in 1974 and in 1976 launched the First Index Investment Trust, the first index fund
available to the public and the forerunner of today's Vanguard 500 Index Fund
Compared to other types of equity funds, equity index funds
also charge lower management fees since the fund manager doesn't need to do much to replicate the performance of the index.
, which are considered passive investments, actually outperform most actively managed mutual funds -- where well-paid professionals use their judgment to choose which stocks and other securities to buy and sell. For example, over the 15 years ending in June 2018, about 92% of U.S.
Initially derided as "Bogle's folly," index funds
have become the default way to invest for so many people that some critics now worry about unintended, market-distorting effects that could ultimately hurt investors and society.
Miranda said BPI AMTC hopes to make every investor optimistic about the stock market through passively-managed peso equity funds in the country such as the BPI Philippine Consumer Equity Index Fund
He returned to the subject in a 2016 letter, writing, "Both large and small investors should stick with low-cost index funds
." And in his newest shareholder letter, Buffett said that one reason he made a widely publicized bet (which he has now won) that a low-cost Vanguard index fund
would outperform a group of hedge funds over a 10-year period was "to publicize my conviction that my pick -- a virtually cost-free investment in an unmanaged S&P 500 index fund
-- would, over time, deliver better results than those achieved by most investment professionals, however well regarded and incentivized those 'helpers' may be."
The BPI Philippine Infrastructure Equity Index Fund
invests in common stocks of corporations that derive at least 50 percent of their revenue from infrastructure products or services, or have at least 50 percent of the fair value of their net assets being utilized for infrastructure-related business activities.
provider, with a total of 36 funds with $155.9 billion in assets.
are merely a vehicle for asset owners' views; the funds themselves do not drive equity market prices or individual stock prices.
Overall, index fund
use increased by 19.6% between 2011 and 2016, reflecting perhaps the growing interest in passive investing and low-cost options.