One-Day-Only Funds Are Jack Bogle’s Nightmare Brought to Life

Published on August 30, 2024

The late Jack Bogle — father of the first index fund — famously loathed their exchange-traded offspring, warning that it only incentivize speculative trading among “fruitcakes, nut cases and lunatic fringe.” Fast forward to 2024, and critics warn a new generation of ETFs are designed to do exactly that.

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