Key Words: If Active Mutual-fund Managers Are Ship Captains, Their Index Rivals Are NASA

That observation and the similes therein are courtesy of market-indexing expert Dave Nadig, chief executive of ETF.com.

The striking quotation appears in a report by MarketWatch’s Ryan Vlastelica appearing Monday in the Wall Street Journal.

The story less memorably but as tellingly quotes Michelle Louie, co-manager of the Vanguard Group fund VFIAX, +0.37% that no less than Warren Buffett pointed to in claiming victory for his wager that a passive S&P fund could outdo a basket of hedge funds over a decade’s time, as having been struck early on by the humility on display among her colleagues, given how much money Vanguard manages. Vanguard’s fund managers, she says, view themselves as nothing more than stewards of clients’ assets.

“Index-fund managers are the underappreciated rock stars of finance,” observes Nadig.

Read on: Why academics are attacking index funds now

Plus: This unique mutual fund charges less than an index fund if it underperforms

RECENT NEWS

Market Optimism As S&P500 Briefly Peaks Amid Falling Inflation

The S&P500 index saw a brief all-time high as new data revealed a drop in America's annual inflation rate to 3.4% in... Read more

Sony's Strategic Share Buyback: Impact On Stock Performance

In a bold move signaling confidence in its financial stability and future growth prospects, Sony recently announced a si... Read more

The Hidden Costs Of Investing In BDCs

Business Development Companies (BDCs) are often lauded for their attractive yields, appealing to investors seeking subst... Read more

The Case For Hedging Foreign Exchange Exposure Amidst Economic Divergence

In today's global economy, characterized by increasing economic divergence among major nations, investors face a dauntin... Read more

ETF Market Update: Assessing The Impact Of Receding US Rate Cut Expectations

The ETF market has been subject to significant shifts in recent months, with one of the key drivers being the evolving e... Read more

Market Response: Understanding The Drop In Arm Shares

In the fast-paced world of technology, market reactions can serve as barometers of industry health and company performan... Read more