Vanguard's Benchmark Shift Influencing Others

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The decision earlier in October by mutual fund company Vanguard Group to drop index provider MSCI's benchmarks in January due to their cost could change the perspective of other benchmark data users, according to a director of a research consultancy that serves 200 member firms.

"Prior to the Vanguard news, when we surveyed our membership, virtually every firm complained about the level of direction of the costs but felt that there was not much they could do about it," says Phil Tattersall, dire

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