Stock market highly valued: Vanguard CEO – CNBC.com

Tim Boyle | Bloomberg | Getty ImagesWilliam McNabb, chairman, president and chief executive officer of Vanguard GroupHe also believes index funds will continue to outperform actively managed funds. From 2007 to 2014, index funds saw inflows of $1 trillion, while actively managed funds saw outflows of $659 billion.”It’s the triumph of low-cost investing, and I do think that’s a secular […]