<html><body><p>We have moved from treating funds as investment trusts designed to serve their owner-beneficiaries to treating funds as <a href="https://quotes.tuteehub.com/tag/consumer-6226" style="font-weight:bold;" target="_blank" title="Click to read more quotes about CONSUMER">CONSUMER</a> <a href="https://quotes.tuteehub.com/tag/products-4624" style="font-weight:bold;" target="_blank" title="Click to read more quotes about PRODUCTS">PRODUCTS</a>, designed to <a href="https://quotes.tuteehub.com/tag/attract-3832" style="font-weight:bold;" target="_blank" title="Click to read more quotes about ATTRACT">ATTRACT</a> the largest possible <a href="https://quotes.tuteehub.com/tag/assets-2589" style="font-weight:bold;" target="_blank" title="Click to read more quotes about ASSETS">ASSETS</a>. This new approach has ill-served the interests of fund shareholders.</p></body></html>

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We have moved from treating funds as investment trusts designed to serve their owner-beneficiaries to treating funds as CONSUMER PRODUCTS, designed to ATTRACT the largest possible ASSETS. This new approach has ill-served the interests of fund shareholders.

Author - John C. Bogle Subject - Consumer

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We have moved from treating funds as investment trusts designed to serve their owner-beneficiaries to treating funds as CONSUMER PRODUCTS, designed to ATTRACT the largest possible ASSETS. This new approach has ill-served the interests of fund shareholders.

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We have moved from treating funds as investment trusts designed to serve their owner-beneficiaries to treating funds as CONSUMER PRODUCTS, designed to ATTRACT the largest possible ASSETS. This new approach has ill-served the interests of fund shareholders.

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