Episode 368: Jim Rowley & Andy Maack - Implementing Index Funds at Vanguard

This is the Rational Reminder Podcast, a weekly reality check on sensible investing and financial decision-making from two Canadians. We are hosted by me, Benjamin Felix, CIO at PWL Capital, and Dan Bordelotti, portfolio manager at PWL Capital. Welcome to episode 368. I had gone back and forth with someone at Vanguard after we had had Marco on the podcast. Because obviously Marco was talking about some of the problems with index funds and Vanguard being one of the largest index fund providers in the world.

We thought it'd be really interesting to hear their perspective on some of that type of research. And we ended up getting, I think, I was saying to the guys after we finished recording with them that they're, I think, quite literally the two best people in the world to address Marco's point. So we talked to Jim Rowley, who's the global head of investment implementation research at Vanguard. He leads a team that conducts research and provides thought leadership on a wide range of issues, including, as the title suggests, investment implementation.

And Andy Mack, who's the head of U.S. equity portfolio management at Vanguard. So he's leading their portfolio management and trading teams for equities. It's between the research side and the implementation side, these guys just have incredible perspectives. And he's been at Vanguard since 2002.

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