Vanguard CIO Buckley Sees Stock Drop as Return to Volatility

Vanguard Group Inc., the world’s largest mutual-fund company, sees the deepening plunge in equity markets today as a return to volatility.

“You’ve had this steady march upward from 2009 until this year when we were going sideways, treading water,” said Tim Buckley, chief investment officer at Vanguard, which manages $3.3 trillion in assets. “Now you’re seeing a return of volatility to the markets.”