Vanguard
Vanguard was established in 1975 by Jack Bogle, who believed that a mutual fund company should not have outside owners. Instead, shareholders of the Vanguard Group own the company’s different funds. Thus, the shareholders are the actual owners of Vanguard.
Blackrock
By 1999, Blackrock rapidly grew to $165 billion in assets under management and then went public on the New York Stock Exchange.
Blackrock
Blackrock may not be as well known as Vanguard, but the company has more assets under management with more than $9.5 trillion.
Before we get into some of the differences in Vanguard vs. Blackrock funds, let’s first cover some of the terminologies. Even in the personal finance space, I occasionally remind myself of the differences between index funds, exchange-traded funds (ETFs) and mutual funds.
Index Funds
An index fund is a type of mutual fund or ETF, though the unique aspect always matches the components of an index or specific financial market. Index funds represent a theoretical segment of the market and aim to match the risk and reward of a specific need.