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This Day In Market History: The First Balanced US Mutual Fund

Retrieved on: 2017-12-26 23:45:00

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<div>Morgan stayed on as chairman of Wellington Management Company until he was replaced in 1970 by John Bogle. Bogle later founded <b>Vanguard Group</b>, which today manages more than $4.5 trillion in assets. The Wellington Fund is still open and remains one of the oldest surviving U.S. mutual funds.</div>

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