Not active vs passive, but low cost vs high cost: Vanguard strategist

Index funds pioneer Vanguard, with $4 trillion under management, is about low-costs. In a quick interaction with Value Research, Jim Rowley, a senior investment strategist in Vanguard Investment Strategy Group, said that the company is seeing a broad shift to low-cost investing across the globe, regardless of investment strategy, as investors become 'increasingly aware' that costs and diversification matter. Vanguard founder and former chairman John C. Bogle is credited with the creation of the first index fund available to individual investors. He has been a vociferous proponent and a major enabler of low-cost investing by individuals in the U.S.. 'Though Vanguard is