{"id":608305,"date":"2023-07-27T11:29:26","date_gmt":"2023-07-27T09:29:26","guid":{"rendered":"https:\/\/www.hashtag.al\/?p=608305"},"modified":"2023-07-27T11:34:42","modified_gmt":"2023-07-27T09:34:42","slug":"brenda-vanguard-kompania-amerikane-qe-lufton-per-te-joshur-boten-financiare-bloomberg","status":"publish","type":"post","link":"https:\/\/www.hashtag.al\/index.php\/2023\/07\/27\/brenda-vanguard-kompania-amerikane-qe-lufton-per-te-joshur-boten-financiare-bloomberg\/","title":{"rendered":"Brenda ‘Vanguard’, gjiganti amerikan q\u00eb lufton p\u00ebr t\u00eb joshur bot\u00ebn financiare – Bloomberg","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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Jack Bogle n\u00eb selin\u00eb e kompanis\u00eb n\u00eb Malvern, n\u00eb 2015<\/span><\/p><\/div>\n

Brenda selis\u00eb n\u00eb Lond\u00ebr t\u00eb gjigantit t\u00eb fondit amerikan Vanguard Group, mesazhi ishte i hapur. K\u00ebtu ka vet\u00ebm nj\u00eb rrug\u00eb: Rruga e Vanguard.<\/span><\/p>\n

Bisedat e njohura p\u00ebr zgjerimin n\u00eb t\u00eb gjith\u00eb Evrop\u00ebn – p\u00ebr eksportimin e vizionit t\u00eb themeluesit John Bogle, popullarizuesi i madh amerikan i fondit t\u00eb indeksit me kosto t\u00eb ul\u00ebt – po fillonin t\u00eb dukeshin si nj\u00eb paralajm\u00ebrim.<\/span><\/p>\n

Shefat po shikojn\u00eb p\u00ebrs\u00ebri n\u00eb Malvern, Pensilvani, 3500 milje dhe nj\u00eb bot\u00eb krejt tjet\u00ebr, larg Londr\u00ebs, iu tha ekipit n\u00eb Mbret\u00ebrin\u00eb e Bashkuar. Durimi i tyre mund t\u00eb ket\u00eb kufijt\u00eb e tij.<\/span><\/p>\n

“\u00cbsht\u00eb sikur t\u00eb kemi nj\u00eb xhaxha t\u00eb pasur n\u00eb Shtetet e Bashkuara q\u00eb po paguan p\u00ebr k\u00ebt\u00eb,”<\/em> u tha punonj\u00ebsve at\u00eb m\u00ebngjes Sean Hagerty, nj\u00eb an\u00ebtar i Vanguard q\u00eb kaloi 20 vjet n\u00eb Malvern p\u00ebrpara se t\u00eb d\u00ebrgohej n\u00eb Britani.<\/span><\/p>\n

“Dhe nj\u00eb dit\u00eb, ai mund t\u00eb lodhet prej saj.”<\/em><\/span><\/p>\n

Ai mesazh shqet\u00ebsues, i dor\u00ebzuar n\u00eb vitin 2019 dhe i p\u00ebrs\u00ebritur q\u00eb at\u00ebher\u00eb, po b\u00ebhet shum\u00eb m\u00eb i zhurmsh\u00ebm k\u00ebto dit\u00eb. Sepse e v\u00ebrteta e hidhur \u00ebsht\u00eb kjo: Vanguard, krijimi i \u00e7uditsh\u00ebm i t\u00eb ndjerit Bogle dhe praktikisht nj\u00eb em\u00ebr i njohur n\u00eb SHBA, po p\u00ebrpiqet t’i shes\u00eb veten pjes\u00ebs tjet\u00ebr t\u00eb bot\u00ebs.<\/span><\/p>\n

Kjo mund t\u00eb jet\u00eb e v\u00ebshtir\u00eb p\u00ebr t’u kuptuar p\u00ebr entuziast\u00ebt e legjioneve n\u00eb SHBA t\u00eb entuziast\u00ebve t\u00eb Vanguard, t\u00eb njohur si Bogleheads. E themeluar n\u00eb vitin 1975, kur Do\u00eb Jones po p\u00ebrplasej te shifra 700, Vanguard sot q\u00ebndron si nj\u00eb monument i fuqish\u00ebm amerikan p\u00ebr triumfin e investimit pasiv. Ai mbik\u00ebqyr nj\u00eb pasuri marramend\u00ebse prej 7.7 trilion\u00eb dollar\u00ebsh. Vet\u00ebm BlackRock Inc. menaxhon m\u00eb shum\u00eb.<\/span><\/p>\n

Klient\u00ebt? Vanguard ka m\u00eb shum\u00eb se 30 milion\u00eb prej tyre. P\u00ebr ta par\u00eb k\u00ebt\u00eb n\u00eb perspektiv\u00eb, kini parasysh k\u00ebt\u00eb: Zvicra ka 8.8 milion\u00eb njer\u00ebz. \u00cbsht\u00eb e sigurt t\u00eb thuhet se pothuajse t\u00eb gjith\u00eb n\u00eb SHBA me nj\u00eb plan 401 (k) – q\u00eb jan\u00eb af\u00ebrsisht 60 milion\u00eb njer\u00ebz, m\u00eb shum\u00eb se e gjith\u00eb popullsia e Italis\u00eb – kan\u00eb d\u00ebgjuar p\u00ebr Vanguard.<\/span><\/p>\n

Pra, Vanguard mund t\u00eb duket si nj\u00eb nxitje p\u00ebr t’u b\u00ebr\u00eb nj\u00eb Coca-Cola ose Apple e fondeve, nj\u00eb mark\u00eb e fuqis\u00eb amerikane e p\u00ebrgatitur p\u00ebr eksport.<\/span><\/p>\n

\"\"<\/span><\/p>\n

E megjithat\u00eb, e kund\u00ebrta ka ndodhur. N\u00ebse e l\u00ebm\u00eb m\u00ebnjan\u00eb SHBA-n\u00eb, Vanguard mund t\u00eb filloj\u00eb t\u00eb duket m\u00eb pak si nj\u00eb mark\u00eb aspiruese dhe m\u00eb shum\u00eb si nj\u00eb nd\u00ebrhyr\u00ebs q\u00eb vepron si gjith\u00e7ka, kudo \u00a0duket sikur \u00ebsht\u00eb kthyer n\u00eb sh\u00ebpi ose duhet t\u00eb jet\u00eb aty.<\/span><\/p>\n

N\u00eb k\u00ebt\u00eb rast, kjo p\u00ebrfshin versionin 7.7 trilion\u00eb dollar\u00ebsh t\u00eb Vanguard t\u00eb p\u00ebrjashtimit amerikan: nj\u00eb besim i q\u00ebndruesh\u00ebm se bota do mund\u00eb t\u00eb \u00e7el\u00eb nj\u00eb rrug\u00eb drejt der\u00ebs s\u00eb saj.<\/span><\/p>\n

“Ne jemi k\u00ebtu p\u00ebr t\u00eb ndryshuar tregun evropian,”<\/em> tha Hagerty, drejtor menaxhues p\u00ebr Vanguard Europe, n\u00eb nj\u00eb intervist\u00eb.<\/span><\/p>\n

“Ajo duhet t\u00eb ndryshohet.”<\/em><\/span><\/p>\n

Gj\u00ebrat nuk kan\u00eb shkuar plot\u00ebsisht n\u00eb at\u00eb m\u00ebnyr\u00eb. Tashm\u00eb, Vanguard \u00ebsht\u00eb t\u00ebrhequr nga Azia. Ajo ka mbyllur zyrat e saj n\u00eb Tokio, Hong Kong, Singapor dhe, kryesisht, n\u00eb Shangai. Tani, fushata e saj evropiane, e kontrolluar nga Hagerty, po ndjen gjithashtu presion, thon\u00eb persona t\u00eb brendsh\u00ebm t\u00eb Vanguard.<\/span><\/p>\n

Intervistat me m\u00eb shum\u00eb se dy duzina punonj\u00ebs t\u00eb tanish\u00ebm dhe t\u00eb m\u00ebparsh\u00ebm n\u00eb nj\u00eb s\u00ebr\u00eb rolesh dhe vendndodhjesh japin nj\u00eb portret t\u00eb pakursyer. (Njer\u00ebzit fol\u00ebn me kushtin q\u00eb t\u00eb mos p\u00ebrmendet emri p\u00ebr t\u00eb shmangur rrezikimin e karrier\u00ebs s\u00eb tyre.)<\/span><\/p>\n

Vanguard, thon\u00eb k\u00ebta njer\u00ebz, shpesh i ka keqlexuar klient\u00ebt dhe punonj\u00ebsit e tij n\u00eb Evrop\u00eb. \u00cbsht\u00eb b\u00ebr\u00eb e nj\u00ebjta gj\u00eb me lojtar\u00ebt e industris\u00eb vendase q\u00eb jan\u00eb jetike p\u00ebr suksesin e saj.<\/span><\/p>\n

Ata v\u00ebn\u00eb n\u00eb dukje nj\u00eb s\u00ebr\u00eb gabimesh q\u00eb k\u00ebrkojn\u00eb koh\u00eb, nga p\u00ebrpjekja p\u00ebr t\u00eb imponuar modele biznesi t\u00eb SHBA-s\u00eb p\u00ebrtej Atlantikut deri te lufta me dallimet n\u00eb rregullore, praktika biznesi dhe kultura.<\/span><\/p>\n

Kujtojn\u00eb disa telefonata t\u00eb gjata me Malvern duke shpjeguar se, po, Vanguard duhej t\u00eb ndiqte rregullat evropiane, ashtu si gjith\u00eb t\u00eb tjer\u00ebt, edhe pse \u00ebsht\u00eb e vendosur n\u00eb SHBA. (Vanguard nuk \u00ebsht\u00eb akuzuar p\u00ebr shkelje t\u00eb ndonj\u00eb rregulli.)<\/span><\/p>\n

Disa gabime kan\u00eb arritur n\u00eb ekuivalent\u00ebt e biznesit t\u00eb falsifikimit kulturor. N\u00eb Dublin, p\u00ebr shembull, ku Vanguard pun\u00ebson 40 persona, nj\u00eb k\u00ebrkes\u00eb miq\u00ebsore p\u00ebr nj\u00eb takim me Bank\u00ebn Qendrore t\u00eb Irland\u00ebs shkaktoi konfuzion. <\/span><\/p>\n

Ekzekutiv\u00ebt n\u00eb SHBA i than\u00eb stafit lokal se nuk e kuptonin pse Vanguard-i duhej t\u00eb b\u00ebnte takimin. (Ndryshe nga Rezerva Federale e SHBA-s\u00eb, Banka Qendrore Irlandeze kontrollon n\u00eb m\u00ebnyr\u00eb rutinore firmat e m\u00ebdha t\u00eb investimeve n\u00ebp\u00ebrmjet divizionit t\u00eb saj rregullator.)<\/span><\/p>\n

T\u00eb brendshmit thon\u00eb se u desh\u00ebn disa vite q\u00eb Vanguard t\u00eb p\u00ebrshtatej me faktin se britanik\u00ebt mund t\u00eb mos duan t\u00eb investojn\u00eb si zviceran\u00ebt, t\u00eb cil\u00ebt mund t\u00eb mos mendojn\u00eb p\u00ebr fondet si italian\u00ebt, t\u00eb cil\u00ebt mund t\u00eb ken\u00eb ide t\u00eb ndryshme p\u00ebr gjith\u00eb k\u00ebt\u00eb se gjerman\u00ebt.<\/span><\/p>\n

P\u00ebr nj\u00eb koh\u00eb, Vanguard po ofronte fonde britanike t\u00eb indeksit FTSE 100 p\u00ebr njer\u00ebzit n\u00eb Zyrih. Stafi zviceran duhej t\u00eb shpjegonte se menaxher\u00ebt zviceran\u00eb t\u00eb pasuris\u00eb q\u00eb u sh\u00ebrbenin klient\u00ebve zviceran\u00eb prisnin produkte investimi t\u00eb shprehura n\u00eb franga zvicerane, p\u00ebrve\u00e7 eurove dhe dollar\u00ebve. Nj\u00eb punonj\u00ebs kujton duke u shpjeguar shefave se ajo q\u00eb funksiononte dikur p\u00ebr Vanguard n\u00eb Tokio mund t\u00eb mos funksiononte sot n\u00eb Berlin.<\/span><\/p>\n

Nd\u00ebrkoh\u00eb, Vanguard ka shpenzuar shum\u00eb miliona p\u00ebr t\u00eb zgjeruar shtrirjen e saj nga Balltiku n\u00eb Mesdhe. N\u00eb nj\u00eb moment, ajo po zgjerohej aq shpejt n\u00eb Lond\u00ebr sa zyra e saj atje mbeti pa tavolina, thon\u00eb ish-punonj\u00ebsit. Sot, kompania pun\u00ebson af\u00ebrsisht 1000 njer\u00ebz n\u00eb t\u00eb gjith\u00eb Evrop\u00ebn. \u00cbsht\u00eb duke hapur nj\u00eb zyr\u00eb \u00eb Man\u00e7ester dhe duke u zgjeruar n\u00eb Berlin.<\/span><\/p>\n

E megjithat\u00eb fitimi – ose t\u00eb pakt\u00ebn nj\u00eb i till\u00eb mjaftuesh\u00ebm i madh p\u00ebr t\u00eb l\u00ebvizur gjilp\u00ebr\u00ebn e peshores p\u00ebrs\u00ebri n\u00eb Pensilvani – mbetet i pakapsh\u00ebm.<\/span><\/p>\n

Sipas llogaritjes s\u00eb vet\u00eb Vanguard, kompania ka t\u00ebrhequr 163 miliard\u00eb dollar\u00eb asete n\u00eb Mbret\u00ebrin\u00eb e Bashkuar q\u00eb nga zbarkimi atje n\u00eb vitin 2009. Kat\u00ebr zyra n\u00eb kontinent – Berlin, Frankfurt, Milano, Zyrih – kan\u00eb grumbulluar s\u00eb bashku 137 miliard\u00eb dollar\u00eb.<\/span><\/p>\n

Totali – af\u00ebrsisht 300 miliard\u00eb dollar\u00eb – mund t\u00eb duket si shum\u00eb. Por ai p\u00ebrfaq\u00ebson vet\u00ebm nj\u00eb pjes\u00eb prej 3.9% t\u00eb tort\u00ebs prej 7.7 trilion dollar\u00ebsh t\u00eb Vanguard. Dhe mbani n\u00eb mend se p\u00ebr pjes\u00ebn m\u00eb t\u00eb madhe t\u00eb dekad\u00ebs s\u00eb kaluar, tregjet evropiane t\u00eb aksioneve kan\u00eb qen\u00eb n\u00eb rritje, megjith\u00ebse me ulje-ngritje.<\/span><\/p>\n

Hagerty shpejt e pranon se nuk \u00ebsht\u00eb m\u00eb n\u00eb Malvern. N\u00ebp\u00ebrmjet Teams n\u00eb fillim t\u00eb qershorit, ai pranoi se Vanguard ka l\u00ebvizur ngadal\u00eb ndonj\u00ebher\u00eb. I pyetur p\u00ebr komentet e \u2018xhaxhait t\u00eb pasur\u2019, ai tundi kok\u00ebn dhe qeshi.<\/span><\/p>\n

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Mortimer “Tim” Buckley<\/span><\/p><\/div>\n

Kjo mb\u00ebshtetje mund t\u00eb mos zgjas\u00eb p\u00ebrgjithmon\u00eb. Mortimer \u2018Tim\u2019 Buckley, ish-asistenti i Bogle q\u00eb drejton Vanguard Group, n\u00eb nj\u00eb moment duhet t’i tregoj\u00eb bordit t\u00eb tij se shtytja e gjat\u00eb dhe e kushtueshme n\u00eb Evrop\u00eb do sjell\u00eb divident\u00eb.<\/span><\/p>\n

Buckley, 54 vje\u00e7, nuk pranoi t\u00eb intervistohej p\u00ebr k\u00ebt\u00eb histori. Por n\u00eb nj\u00eb intervist\u00eb t\u00eb 21 shkurtit p\u00ebr \u2018Masters in Business\u2019 me Barry Ritholtz n\u00eb Bloomberg Radio, ai ishte i hapur: Vanguard-it i \u00ebsht\u00eb dashur t\u00eb marr\u00eb disa vendime t\u00eb v\u00ebshtira.<\/span><\/p>\n

“Nd\u00ebrkomb\u00ebtarisht, ne u p\u00ebrhap\u00ebm shum\u00eb leht\u00eb,”<\/em> tha Buckley. N\u00eb vend q\u00eb t\u00eb p\u00ebrqendrohej te klient\u00ebt kryesor\u00eb – investitor\u00ebt individual\u00eb – kompania po p\u00ebrpiqej t\u00eb paraqitej edhe tek institucionet. Kjo nuk \u00ebsht\u00eb ajo p\u00ebr t\u00eb cil\u00ebn po flasim, p\u00ebrfundoi me vones\u00eb Vanguard. Nuk ndihmoi q\u00eb kompania po humbte pjes\u00ebn e tregut n\u00eb sht\u00ebpi n\u00eb biznesin e saj kritik 401(k).<\/span><\/p>\n

“Ne n\u00eb thelb u t\u00ebrhoq\u00ebm nga Azia,”<\/em> tha Buckley.<\/span><\/p>\n

“Dhe ne i kthyem 125 miliard\u00eb dollar\u00eb n\u00eb asete, gj\u00eb q\u00eb shumica e njer\u00ebzve mendojn\u00eb se \u00ebsht\u00eb \u00e7menduri.”<\/em><\/span><\/p>\n

Freddy Martino, nj\u00eb z\u00ebdh\u00ebn\u00ebs i Vanguard n\u00eb Malvern, i referoi pyetjet n\u00eb Evrop\u00eb.<\/span><\/p>\n

Fakt kthjellues<\/strong><\/span><\/p>\n

Brenda zyrave t\u00eb tij n\u00eb nd\u00ebrtes\u00ebn \u00cbalbrook, nj\u00eb kafaz i projektuar nga Norman Foster, pak hapa larg nga Banka e Anglis\u00eb, Hagerty \u00ebsht\u00eb ende duke u p\u00ebrballur me nj\u00eb fakt kthjellues: Shumica e njer\u00ebzve n\u00eb Evrop\u00eb nuk e din\u00eb kush ose \u00e7far\u00eb \u00ebsht\u00eb Vanguard.<\/span><\/p>\n

Nj\u00eb sondazh me 800 njer\u00ebz n\u00eb vitin 2019 zbuloi se edhe n\u00eb Mbret\u00ebrin\u00eb e Bashkuar, me lidhjet e saj t\u00eb Anglosfer\u00ebs s\u00eb nj\u00eb gjuhe dhe kulture, emri Vanguard pothuajse nuk kishte jehon\u00eb fare. Disa t\u00eb anketuar menduan se Vanguard mund t\u00eb ishte nj\u00eb kompani tubash. T\u00eb tjer\u00eb menduan se ishte nj\u00eb grup muzikor metalar, sipas dikujt q\u00eb punonte n\u00eb Vanguard n\u00eb at\u00eb koh\u00eb.<\/span><\/p>\n

Hagerty, 62 vje\u00e7, thot\u00eb se amerikan\u00ebve iu desh shum\u00eb koh\u00eb q\u00eb ta kuptonin.<\/span><\/p>\n

\u201cAta mendonin se ne ishim nj\u00eb linj\u00eb ajrore,\u201d<\/em> thot\u00eb ai p\u00ebr investitor\u00ebt amerikan\u00eb n\u00eb vitet 1990, kur ai n\u00ebnshkroi kontrat\u00ebn n\u00eb Malvern, \u201cdhe na thirri t\u00eb rezervonim fluturime p\u00ebr n\u00eb Kansas City\u201d.<\/em><\/span><\/p>\n

Hagerty \u00ebsht\u00eb nj\u00eb banor i Pensilvanis\u00eb \u00a0q\u00eb duket i rr\u00ebmbyer drejt e nga kampusi Vanguard. Ai studioi kontabilitet n\u00eb nj\u00eb kolegj t\u00eb vog\u00ebl n\u00eb per\u00ebndim t\u00eb Nju Jorkut dhe m\u00eb pas p\u00ebr komunikim n\u00eb Villanova, 16 milje nga Malvern. Pas nj\u00eb q\u00ebndrimi n\u00eb kontabilitet dhe nj\u00eb duzin\u00eb vitesh n\u00eb nj\u00eb bank\u00eb n\u00eb Pittsburgh, ai u bashkua me Bogleheads. Ai ka qen\u00eb n\u00eb Vanguard q\u00eb at\u00ebher\u00eb.<\/span><\/p>\n

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Nj\u00eb statuj\u00eb e John Bogle n\u00eb selin\u00eb e Vanguard n\u00eb Malvern<\/span><\/p><\/div>\n

N\u00ebse aspiratat p\u00ebrtej detit t\u00eb Vanguard jan\u00eb penguar tani p\u00ebr tani, nuk ka qen\u00eb p\u00ebr munges\u00eb ambicieje. N\u00eb vitin 2017, kompania ende \u00ebnd\u00ebrronte t\u00eb zgjerohej n\u00eb gjith\u00eb kontinentin dhe, si n\u00eb Azi, t\u00eb p\u00ebrpiqej t\u00eb shiste veten jo vet\u00ebm tek individ\u00ebt, por edhe tek institucionet, sipas njer\u00ebzve t\u00eb njohur me k\u00ebt\u00eb \u00e7\u00ebshtje. N\u00eb fund, Vanguard ngushtoi fush\u00ebpamjen. Sot ajo ka zyra n\u00eb Zvic\u00ebr, Britani, Gjermani dhe Itali.<\/span><\/p>\n

\u00c7do her\u00eb, Vanguard – e cila mb\u00ebshtetet n\u00eb llogarit\u00eb personale n\u00eb SHBA – priste q\u00eb telefonat t\u00eb nisnin, sipas personave me njohuri me \u00e7\u00ebshtjen. Ata nuk e b\u00ebn\u00eb. N\u00eb fund, drejtuesit ran\u00eb dakord se duhej t\u00eb shpenzonin koh\u00eb dhe para p\u00ebr marketing.<\/span><\/p>\n

Dhe k\u00ebshtu, n\u00eb Gjermani, Vanguard filloi t\u00eb reklamonte n\u00eb Berlin Klassik Radio dhe n\u00eb vendpushimet e skive. Ai vendosi tabela n\u00eb metron\u00eb e Londr\u00ebs. N\u00eb Zvic\u00ebr dhe Itali, ajo kryesisht mb\u00ebshtetet n\u00eb konferenca dhe takime me k\u00ebshilltar\u00eb t\u00eb pasuris\u00eb, t\u00eb cil\u00ebt mund t’i drejtojn\u00eb investitor\u00ebt drejt Vanguard.<\/span><\/p>\n

Ambiciet e hershme p\u00ebr t\u00eb shitur produktet Vanguard n\u00eb fondet e pensioneve n\u00eb Mbret\u00ebrin\u00eb e Bashkuar kan\u00eb ngrir\u00eb. K\u00ebshtu ka nj\u00eb krah planifikimi financiar jet\u00ebshkurt\u00ebr p\u00ebr t\u00eb ofruar k\u00ebshilla p\u00ebr daljen n\u00eb pension n\u00ebp\u00ebrmjet platform\u00ebs s\u00eb investitor\u00ebve personal\u00eb t\u00eb firm\u00ebs.<\/span><\/p>\n

Malvern beson se Evropa do hyj\u00eb n\u00eb rrug\u00ebn Vanguard. Dhe, me t\u00eb v\u00ebrtet\u00eb, kompania ka fituar shum\u00eb k\u00ebshilltar\u00eb financiar\u00eb n\u00eb Mbret\u00ebrin\u00eb e Bashkuar.<\/span><\/p>\n

Vanguard gjithashtu ka b\u00ebr\u00eb disa p\u00ebrparime n\u00eb fondet e tregtuara p\u00ebr investitor\u00ebt e zakonsh\u00ebm. Por edhe atje situata \u00ebsht\u00eb e p\u00ebrzier. N\u00eb gjasht\u00eb muajt e par\u00eb t\u00eb 2023, ajo u rendit n\u00eb vendin e dyt\u00eb n\u00eb shitjet e ETF n\u00eb Gjermani me 8.2 miliard\u00eb euro flukse hyr\u00ebse. Numri 1, BlackRock trajtoi kat\u00ebr her\u00eb m\u00eb shum\u00eb flukse, sipas t\u00eb dh\u00ebnave t\u00eb p\u00ebrpiluara nga Morningstar Inc. n\u00eb mbar\u00eb Evrop\u00ebn, Vanguard ishte i shtati p\u00ebr AUM midis menaxher\u00ebve t\u00eb parave, tregojn\u00eb t\u00eb dh\u00ebnat e fundit t\u00eb marsit.<\/span><\/p>\n

Sipas Hagerty dhe nj\u00eb ekzekutivi tjet\u00ebr, Vanguard i ka lart\u00ebsuars virtytet e saj p\u00ebr k\u00ebshilltar\u00ebt financiar\u00eb n\u00eb gjith\u00eb Kanalin. N\u00eb ve\u00e7anti, po punon n\u00eb Gjermani, ku njer\u00ebzit priren t\u00eb investojn\u00eb p\u00ebrmes k\u00ebtyre nd\u00ebrmjet\u00ebsve.<\/span><\/p>\n

Por, p\u00ebrs\u00ebri, Vanguard mbetet Vanguard. Ajo k\u00ebrkon q\u00eb k\u00ebshilltar\u00ebt gjerman\u00eb t\u00eb shk\u00ebmbejn\u00eb nj\u00eb nga praktikat e tyre standarde t\u00eb industris\u00eb – duke punuar me komisione – me nj\u00eb model tarife t\u00eb stilit amerikan. Vanguard, me fjal\u00eb t\u00eb tjera, pret q\u00eb gjerman\u00ebt t\u00eb jen\u00eb n\u00eb t\u00eb nj\u00ebjt\u00ebn linj\u00eb me amerikan\u00ebt. Po k\u00ebshtu Komisioni Evropian duhej t\u00eb t\u00ebrhiqej nga kjo \u00e7\u00ebshtje pasi industria financiare gjermane b\u00ebri buj\u00eb.<\/span><\/p>\n

\u201cNe e b\u00ebm\u00eb at\u00eb n\u00eb SHBA dhe do ta b\u00ebjm\u00eb n\u00eb Gjermani,\u201d<\/em> k\u00ebmb\u00ebngul Hagerty p\u00ebr p\u00ebrpjekjen.<\/span><\/p>\n

“Ne do ta b\u00ebjm\u00eb at\u00eb ose do vdesim duke u p\u00ebrpjekur.”<\/em><\/span><\/p>\n

Biseda mbi \u00e7\u00ebshtjen shqet\u00ebsoi disa nga punonj\u00ebsit evropian\u00eb t\u00eb Vanguard. Po k\u00ebshtu edhe m\u00ebnyra se si Vanguard i ka nd\u00ebrruar drejtuesit nga Pensilvania dhe gjetk\u00eb n\u00eb role ky\u00e7e n\u00eb Evrop\u00eb, n\u00eb disa raste, pavar\u00ebsisht p\u00ebrvoj\u00ebs s\u00eb pak\u00ebt n\u00eb terren.<\/span><\/p>\n

ADN-ja Vanguard, thot\u00eb ish-stafi evropian, ndonj\u00ebher\u00eb mund t\u00eb tejkaloj\u00eb njohurit\u00eb lokale. N\u00eb zyrat e Londr\u00ebs, britanik\u00ebt b\u00ebn\u00eb shaka se Brexit dukej se i hutonte koleg\u00ebt e tyre amerikan\u00eb. Disa nga t\u00eb ardhurit amerikan\u00eb, than\u00eb ata, dukej se mendonin se largimi i Britanis\u00eb nga Bashkimi Evropian do t\u00eb thoshte se ata do d\u00ebboheshin menj\u00ebher\u00eb.<\/span><\/p>\n

Pavar\u00ebsisht k\u00ebsaj presioni q\u00ebndron. Vizioni i Bogle-it p\u00ebr fondet e indeksit ka ndryshuar m\u00ebnyr\u00ebn se si Amerika investon. Por kjo do t\u00eb thot\u00eb gjithashtu se krijimi i tij i ve\u00e7ant\u00eb, i cili \u00ebsht\u00eb n\u00eb pron\u00ebsi t\u00eb njer\u00ebzve q\u00eb investojn\u00eb n\u00eb fondet e tij, duhet t\u00eb grumbulloj\u00eb asete n\u00eb shkall\u00eb t\u00eb gjer\u00eb p\u00ebr t\u00eb hedhur para p\u00ebr t\u00eb mbuluar kostot dhe p\u00ebr t\u00eb nxitur n\u00eb tregje dhe produkte t\u00eb reja.<\/span><\/p>\n

Drejtuesit nga selia fluturuan n\u00eb Lond\u00ebr n\u00eb qershor p\u00ebr t\u00eb diskutuar strategjin\u00eb evropiane t\u00eb investimeve. Jo t\u00eb gjith\u00eb ran\u00eb dakord p\u00ebr rrug\u00ebn p\u00ebrpara, sipas njer\u00ebzve t\u00eb njohur me ato bisedime. Stafi i Mbret\u00ebris\u00eb s\u00eb Bashkuar u b\u00ebri thirrje vizitor\u00ebve t\u00eb tyre t\u00eb zgjerojn\u00eb gam\u00ebn e ofertave t\u00eb Vanguard. P\u00ebrgjigja e pal\u00ebs amerikane: Le t\u00eb presim dhe t\u00eb shohim.<\/span><\/p>\n

Hagerty p\u00ebrmbledh pamjen e Vanguard.<\/span><\/p>\n

“Un\u00eb nuk mendoj se duhet t’u japim klient\u00ebve at\u00eb q\u00eb ata duan,”<\/em> thot\u00eb ai.<\/span><\/p>\n

Vanguard, thot\u00eb ai, u jep njer\u00ebzve at\u00eb q\u00eb Vanguard mendon se duhet t\u00eb duan.<\/span><\/p>\n

Punonj\u00ebsit n\u00eb Evrop\u00eb e din\u00eb se si \u00ebsht\u00eb. Disa ankohen se ndonj\u00ebher\u00eb idet\u00eb e tyre nuk merren seriozisht;<\/em> Hagerty thot\u00eb se \u00ebsht\u00eb gjithmon\u00eb i hapur ndaj t\u00eb mirave. T\u00eb tjer\u00ebt kan\u00eb votuar vullnetarisht, ve\u00e7an\u00ebrisht n\u00eb kontinent; Vanguard thot\u00eb se qarkullimi nuk ka qen\u00eb aq i lart\u00eb.<\/span><\/p>\n

Hagerty thot\u00eb se Evropa \u00ebsht\u00eb e pozicionuar mir\u00eb p\u00ebr t\u00eb filluar t\u00eb jap\u00eb nj\u00eb kontribut t\u00eb v\u00ebrtet\u00eb. Sipas njer\u00ebzve t\u00eb njohur me k\u00ebt\u00eb \u00e7\u00ebshtje, ai i tha stafit t\u00eb lart\u00eb t\u00eb Londr\u00ebs n\u00eb vitin 2021 se selia qendrore pritet t\u00eb filloj\u00eb t\u00eb shoh\u00eb rezultate n\u00eb dy ose tre vjet – q\u00eb, do t\u00eb thot\u00eb k\u00ebt\u00eb vit ose vitin e ardhsh\u00ebm. Vanguard refuzon t\u00eb komentoj\u00eb p\u00ebr k\u00ebt\u00eb, por drejtuesit thon\u00eb privatisht se fitimet nuk jan\u00eb prioriteti.<\/span><\/p>\n

N\u00ebse po, kjo mund t\u00eb jet\u00eb nj\u00eb gj\u00eb e mir\u00eb. Sipas nj\u00eb personi t\u00eb njohur me diskutimet e brendshme t\u00eb Vanguard, operacionit evropian mund t\u00eb duhet m\u00eb shum\u00eb koh\u00eb p\u00ebr t\u00eb filluar t\u00eb fitoj\u00eb para. Nj\u00eb z\u00ebdh\u00ebn\u00ebs i Vanguard p\u00ebr Evrop\u00ebn nuk pranoi t\u00eb komentonte.<\/span><\/p>\n

Hagerty \u00ebsht\u00eb i pap\u00ebrkulur. Momenti po nd\u00ebrtohet. 300 miliard\u00eb dollar\u00ebt Vanguard q\u00eb ka grumbulluar n\u00eb Evrop\u00eb jan\u00eb t\u00eb mjaftueshme p\u00ebr t\u00eb rritur biznesin, thot\u00eb ai. Selia \u00ebsht\u00eb po aq e p\u00ebrkushtuar si kurr\u00eb m\u00eb par\u00eb p\u00ebr p\u00ebrhapjen e \u2018Ungjillit\u2019 t\u00eb Bogle.<\/span><\/p>\n

P\u00ebr Hagerty, si p\u00ebr shum\u00eb besimtar\u00eb Vanguard, nuk \u00ebsht\u00eb vet\u00ebm biznes. \u00cbsht\u00eb personale.<\/span><\/p>\n

“Misioni shkon thell\u00eb,”<\/em> thot\u00eb ai.<\/span><\/p>\n

VINI RE<\/strong><\/span>: Ky material \u00ebsht\u00eb pron\u00ebsi intelektuale e Bloomberg<\/span><\/a><\/span><\/p>\n

P\u00ebrgatiti p\u00ebr\u00a0 Hashtag.al,<\/span> K.Manjani<\/span><\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"

Brenda selis\u00eb n\u00eb Lond\u00ebr t\u00eb gjigantit t\u00eb fondit amerikan Vanguard Group, mesazhi ishte i hapur. K\u00ebtu ka vet\u00ebm nj\u00eb rrug\u00eb: Rruga e Vanguard. Bisedat e njohura p\u00ebr zgjerimin n\u00eb t\u00eb gjith\u00eb Evrop\u00ebn – p\u00ebr eksportimin e vizionit t\u00eb themeluesit John Bogle, popullarizuesi i madh amerikan i fondit t\u00eb indeksit me kosto t\u00eb ul\u00ebt – po […]<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":51,"featured_media":608306,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-608305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ballina"],"gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/posts\/608305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/comments?post=608305"}],"version-history":[{"count":0,"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/posts\/608305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/media\/608306"}],"wp:attachment":[{"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/media?parent=608305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/categories?post=608305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/tags?post=608305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}