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Vanguard’s expired patent may emerge as ‘game changer’ for fund industry

CNBC
Summary
Nutrition label

77% Informative

Wall Street saw the patent as critical to Vanguard 's success because it saved an enormous amount of money in taxes.

Now, the firm's ETF competitors could get a chance to use it.

"It's really a game changer," BNY Mellon's global head of ETFs' Ben Slavin told CNBC 's " ETF Edge ".

VR Score

88

Informative language

92

Neutral language

77

Article tone

semi-formal

Language

English

Language complexity

38

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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