Managed by Vanguard Equity Investment Group (EIG), our index funds follow a consistent, disciplined process, designed to ensure each portfolio tracks its benchmark as closely as possible.
Our index investment process reflects decades of experience—Vanguard introduced the first equity index fund for individual investors in 1976.
The spectrum is wide: more than 60 index portfolios with more than $1 trillion in equity index assets.*
* As of December 31, 2013.
Many of our actively managed funds are managed externally, giving you access—at Vanguard's low costs—to premier institutional money managers from around the globe. Internally, EIG manages active quantitative equity funds and Vanguard's funds of funds, including the Target Retirement Funds.
When evaluating potential and existing external managers, we emphasize qualitative criteria, including quality and stability of team, enduring nature of investment philosophy, and process consistency, in addition to long-term performance.
Our size, scale, and unique ownership structure—Vanguard is owned by the Vanguard family of mutual funds, and the funds are owned by their shareholders—allow us to deliver access to institutional money managers at very low fees.