I know many CC readers think
mutual fund companies actually cause cancer, and ETF providers are benevolent contributors to society, but let's be clear about one thing....
Not exact matches
Vanguard (the
company) is
actually owned by the Vanguard
mutual funds and ETFs.
They give you the broad exposure of a
mutual fund with the tradability of a stock, meaning you can
actually buy and trade shares of
funds like they were shares of any other
company on the market.
You too can benefit from exposure to gold by buying shares of gold stock
companies, gold stock
mutual funds, and gold stock ETFs — all ways to get in on the action without
actually buying gold.
Actually this is a convenience service provided by the
mutual fund companies to help attract more investors into their fold.
Some
mutual fund and brokerage
companies will
actually let you select lots during the sale process.
Vanguard (the
company) is
actually owned by the Vanguard
mutual funds and ETFs.
Nearly all
companies make sure the choices include some high quality
mutual funds that are suitable for retirement savings, and it may
actually work to your advantage to be able to focus on a narrower range of choices.
For a long time running, the Franklin Resources» (BEN) joke was that the underlying equity position of the
company actually outperformed the management's
mutual fund selections.
For example, you will find a wide array of investment options from different
companies and many of these options are
actually tied to specific and well known
mutual funds.