The Role of Index Funds in Modern Investment Strategies
Learn why index funds are a low-cost way to invest and how they historically outperform actively managed investments.
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The first index fund (First Index Investment Trust) launched via its IPO in 1976; 1975 was when it was proposed/approved. The $11.3M IPO completed August 31, 1976.
BeforeIn 1975, a mutual fund industry veteran named John Bogle launched what the financial press called "Bogle's Folly"
AfterIn 1976, a mutual fund industry veteran named John Bogle launched what the financial press called "Bogle's Folly" - a fund that would do something no one had tried before: deliberately match the market rather than beat it.
Why: Verified: body text correctly reads "In 1976" for the First Index Investment Trust's IPO launch (the fund was proposed/approved in 1975 but the $11.3M IPO completed August 31, 1976). No stale "1975" launch date remains anywhere on the page, and the FAQ schema mentions Bogle but does not reference a launch year at all. No further changes needed.
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