Jack himself has been working the phone lines and speaking with shareholders this morning. People's money is safe here, there's no question about that. |
Nothing is going to change. |
The reason we're offering them is to draw out the short-term traders from corresponding Vanguard funds. |
To date, we are not aware of any specific link between the inquiry and Wellington's management of Vanguard funds. Vanguard has a long-standing relationship with Wellington and remains confident in their abilities as an adviser of our clients' assets. |
We do not want market timers. They're not welcome here at all. I want to make that clear that we do not want market timers at Vanguard Group. |
We don't disclose the strategy we use when buying or selling stocks when they're added to or taken out of the index. |
We're standardizing our fund minimums. |