John Demming Vanguard Quotations

We do not want market timers. They're not welcome here at all. I want to make that clear that we do not want market timers at Vanguard Group.

The reason we're offering them is to draw out the short-term traders from corresponding Vanguard funds.

To date, we are not aware of any specific link between the inquiry and Wellington's management of Vanguard funds. Vanguard has a long-standing relationship with Wellington and remains confident in their abilities as an adviser of our clients' assets.