index fund

Pershing Square Capital Management founder Bill Ackman in a conversation with Lex Fridman shared his views on mutual funds and individual stock investments. What Happened: Last week, in a podcast interview with Fridman, Ackman expressed skepticism about the value of mutual funds for everyday...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? In 1976, The Vanguard Group launched the First Index Investment Trust, the first retail index fund. Now known as the Vanguard 500 Index Fund (NYSE: VOO), it is one of the biggest...