Date: 01-May-98 - 2:18 PM
Subject: RE: Indexing In Small Cap and Emerging Markets
From: George
An impressive thread! [And I only discovered it yesterday.] It’s most thoughtful and educational.
I do hope it is on Bylo’s list of “keepers”.
Several times people have expressed the view that it would be great if Vanguard entered the Canadian market with its vast choice of low-MER Index Funds. I could not agree more! In 1995, after reading “Bogle on Mutual Funds” book twice, I was moved enough to write John Bogle a thank-you letter. Amongst other things I urged him to have Vanguard enter the Canadian market. I did not expect a reply but to my surprise I did get a nice personal letter back. Here is a quote from it:
“With regard to your question about Vanguard’s presence in Canada, at the moment we do not have any definite plans to begin offering shares of the Vanguard Fund directly to Canadian investors. We have been following with interest the progress that Fidelity has made in establishing a presence in Canada, but it’s still unclear at this point whether the investment will bear fruit for them. For the time being, then, the best I can tell you is that we will continue to explore and consider our opportunities for expansion into Canada.” [John Bogle in October 18, 1995 letter to George …]
Perhaps if others write John Bogle a letter [and to the new Vanguard President, John J Brennan as well] urging Vanguard’s presence in Canada, it could happen. The address is PO Box 2600, Valley Forge, PA, 19482-2600.
Even on the US mutual fund scene Vanguard is unique. Thus I think the chance that we may have a brand new Canadian, but Vanguard-like, index fund company emerge here is remote. Perhaps if I was 27 instead of 57 I might want to make it my “life-mission” to make it happen.
Please write Vanguard, we do need them here – more so than Fidelity.
Date: 01-May-98 - 2:33 PM
Subject: RE: Indexing In Small Cap and Emerging Markets
From: Bylo
George,
Great minds think alike :-) Some of us FundLib-ers have been waging an e-mail campaign to encourage Vanguard to come to the Great White North. Here's where you can Vote Early - Vote Often without the need for paper, pen or postage.
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