Vanguard’s Patent Expires
Vanguard’s ETF as class of MF was innovative. Brokerage practices have made much of this patent no longer as desirable. While the patent’s technique makes Vanguard great to invest in, its usefulness ironically shines when you are moving money to a different brokerage. Since 2005, market experts have known about the unique characteristics of Vanguard’s patent regarding its ETFs, which were simply another “class” of their mutual funds. This patent allowed Vanguard to make its mutual funds more tax efficient