Vanguard’s CIO Gregory Davis on the market effect of indexed investments, taking an active approach to smart beta and whether or not Vanguard would ever follow Fidelity down the road to zero-fee funds.
The price of the fund -- whose biggest holdings are Apple Inc., Microsoft Corp., Amazon.com Inc., Facebook Inc. and Google parent Alphabet Inc. -- has declined almost 5 percent since Nov. 7.
Exchange-traded funds appeal to the short sellers because “they allow for the efficient expression of a view on a wide range of asset classes," IHS Markit said in a report.