Vanguard’s McNabb Sees ‘Modest’ Decade for U.S. Stocks

Jan.17 — F. William McNabb, Vanguard Group’s chairman, expects even further growth this year driven by Vanguard’s infiltration in emerging markets but gets concerned that the U.S. equity market is becoming “irrational” and the rampant cryptocurrency speculation may lead to “idiosyncratic” risk, as he told Bloomberg in an exclusive interview in Beijing.

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