The warnings of the man who popularised index investing have proved eerily prescient. Jack Bogle, late founder of the world’s second-biggest asset manager, Vanguard, was notoriously opposed to exchange-traded funds […]
One has been around for three billion years, the other for only twelve. Yet supporters of the upstart—bitcoin—say it can beat gold as a vehicle for long-term savings. In the […]
Bitcoin tracker funds threaten a clash by bringing together two fundamentally incompatible financial systems, says one former investment banker. Bitcoin exchange-traded funds (ETFs) are still on the drawing board: as […]