Hillary invests in low cost index funds – it’s official!
The latest financial disclosure forms filed by the two leading presidential candidates – Donald Trump and Hillary Clinton – make for interesting reading after their release on Tuesday.
Hillary’s biggest investment between $5million and $25 million was in the Vanguard 500 index fund – a low cost tracker fund with a TER of 0.16% per annum – according to Bloomberg http://www.bloomberg.com/politics/articles/2016-05-18/trump-invested-in-outsourcing-companies-he-denounced-in-campaign
On the other hand Bloomberg notes that Donald Trump holds investments in a number of companies he had denounced on the campaign trail including Apple – even though in February he called for a boycott of the company for refusing to help the FBI unlock an iPhone used by a terrorist in California. Who knew that the Donald could be so magnanimous!
Commentators such as Fortune have previously noted the similarity of Clinton’s portfolio to the low cost investment strategy espoused by her supporter Warren Buffet whereas Trump has historically favoured hedge funds for some of his largest personal holdings – http://fortune.com/2016/05/10/hillary-trump-investing/
Like the election we’ll have to wait to see how their different approaches work out for the two of them…….
By Cormac Naughten