Vanguard Funds and ETFs

Vanguard is a pioneering American investment management company known for its unique ownership structure. Founded by John C. Bogle in 1975, the company introduced the first index fund for individual investors, fundamentally changing the landscape of retail investing. Its product portfolio spans mutual funds, exchange-traded funds (ETFs), and wealth management services available globally.

What sets Vanguard apart is its 'client-owned' model. Unlike most investment firms that are publicly traded or privately held by a small group of owners, Vanguard is owned by the funds it manages, which are in turn owned by the investors in those funds. This structure is designed to align the company's interests directly with those of its clients, typically resulting in lower expense ratios across its product range. Today, it remains one of the largest asset managers in the world, headquartered in Malvern, Pennsylvania, with significant operational bases across Europe, Asia, and Australia.