Hougan: ETFs still improving after 25 years

January 29, 2018


In the latest issue of ETF Perspectives, Vanguard insights for financial advisors™, Inside ETFs' Matt Hougan looks at the 25th anniversary of the first U.S. ETF and how ETFs are helping to change the culture of finance and transforming the bond market.

Also in the winter issue:

  • ETF of ETFs: New structure, same low cost. It's a wrap of ingredients, but it can be done without adding more cost.
  • Five questions and answers. Rich Powers, head of Vanguard ETF Product Management, answers the top questions posed by advisors.
  • Active and passive? Like wine and cheese, active and passive can go together. Learn how a four-step process can help you decide the right balance for your clients.

Trying to find past ETF Perspectives articles? Check out our ETF Perspectives page, which is easily accessible from the ETFs topic page under Research & Commentary.

Additional materials


  • Vanguard ETF Shares are not redeemable with the issuing Fund other than in very large aggregations worth millions of dollars. Instead, investors must buy and sell Vanguard ETF Shares in the secondary market and hold those shares in a brokerage account. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling.
  • All investing is subject to risk, including possible loss of principal.


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