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Topic: Business
Number of pages / Number of words: 19 / 5274
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It was created for the Samsonite pension fund's investment portfolio, with an initial investment of only $5 million. Today, at least a trillion dollars are invested in index funds worldwide, probably twice that. Most of it that is managed by banks on behalf of pension funds, university endowments and charitable institutions...


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Most of it that is managed by banks on behalf of pension funds, university endowments and charitable institutions. Mutual funds make up a trivial portion of worldwide index-fund investing.

I used to work at Wells Fargo, starting several years after McQuown and the first generation of indexers had already moved on to other things...


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