Talk:Vanguard Investments Australia Ltd
I realise that there is a listing For Vanguard in the US but I am writing this Australian entry because this company has a completely different operational profile in Australia than they do in the US because in the US they do not have a "Superannuation" industry anything like we have here in Australia. They are unusual because they are a not-for-profit organisation (a bit like National Mutual and AMP were before they de-mutunalised!) and they are providing a form of investment management that is very important to all Australians who have superannuation. All I am trying to do is to state the fact that there is a company in Australia that operates index funds using the philosophy created in the 1970's by John Bogel and applied to US 401k plans that is now providing the same philosophy for the benefit of Australian Superannuation investors.
(I don't think it is an ad although I believe that they do have a good product ie not-for-profit and buying the index instead of paying huge "management" fees for stockbrokers to just buy and sell shares all day and charging fees and commissions to the unsuspecting public who generally don't understand how their retirement funds are being managed - end of rant!)
- Its nonsense to claim that Vanguard is a "not-for-profit" business. Their business is just like 101 other investment management businesses operating in Australia. It may be the case, that they focus on "index funds" which have lower operating and management fees than "active funds", but they are still a for-profit business. 58.107.0.107 (talk) 00:53, 4 March 2008 (UTC)
- I think the point here is that they were the first fund manager in Australia that offered the ability to "buy the ASX top 200/300" (now the S&P/ASX200/300) and they have been followed by State Street and nobody else. The article is wrong when it says that amp etc provide retail index products. They do not. Updated page accordingly.--Brycewhite (talk) 08:01, 4 March 2008 (UTC)
- Agree that fund is not not for profit. Seems to be owned by US parent which is a US mutual fund so it may be the case that the profits flow to the US for them. Article does not comment on this aspect though? --Brycewhite (talk) 08:27, 4 March 2008 (UTC)
Deleted "Index Fund Performance" sub heading. The reference is a news article [1] commenting on a report written by a private investment company. The author of the report is also the author of the article. Fairfax do not seem to have a problem with republishing press releases in their general news it seems. Company press releases are not the best source for material regarding that company - secondary sources are much more preferred. The press release should hopefully be checked a little bit before being actually publised - so if you can find alternate references for the same information that would be great. If the information is notable it should be easy enough find an alternate source.
Remainder of article seems to meet policies. --Alexasmith (talk) 22:29, 4 March 2008 (UTC)