4 Problems with John Bogle’s Anti-ETF Rhetoric
John Bogle, founder of the Vanguard Group has a fervent following of diehards that accept everything he says –right or wrong – as gospel. In a recent Bloomberg interview, Bogle suggested that massive trading volume in popular ETFs like the SPDR S&P 500 fund (SPY) is proof that most ETF investors are speculators. Is he right or is he wrong? Ron DeLegge, Chief Portfolio Strategist @ ETFguide examines four of Bogle’s favorite anti-ETF investing arguments to help viewers arrive at the right conclusion.