Research Library
Investment and economic issues
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Financial Sector Dysfunctionality Financial Sector Dysfunctionality poses an interesting question as to how well society is really served by its financial institutions. The article considers the notion of efficient markets and the resulting - assumed to be optimal - allocation of resources. |
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Where Do Australian Active Equity Managers Outperform? Do active Australian equity managers possess skill and if so, in what types of stocks? The authors analyse the holdings and gross returns of a broad universe of Australian equity managers and decompose their excess returns into those resulting from passive exposures to risk factors (size, style and momentum) and those from stock selectivity. |
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The Tao of Alpha The Tao of Alpha, written by Tammer Kamel, President of The Iluka Consulting Group presents an insight on misconceptions regarding the definition and pursuit of alpha. |
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Seven Sins of Fund Management The Seven Sins of Fund Management: A Behavioural Critique was published by James Montier the Global Equity Strategist of Dresdner Kleinwort Wasserstein. Montier is one of Britain's leading experts on behavioural finance, a mix of economics and psychology that examines how investor traits and behaviour can affect financial decisions. |
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The Soul of Capitalism Jack Bogle, Vanguard's founder, presents his remarks on the changes to the nature of capitalism ... |
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Global Property Trends emerging within international property make investment in this sector inevitable... |
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Defining Alpha Jason MacQueen argues that most industry participants incorrectly use the term "alpha". |
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Hedge Fund Evaluation Vanguard's IC&R says investing in hedge funds is not as simple or safe as often portrayed. |
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Liquidity Sir Andrew Large, deputy governor of Bank of England writes for Financial Times on liquidity. |
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Hedge Fund Biases Vanguard IC&R notes on a Bloomberg.com article on hedge fund performance reporting. |
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Hedge Fund Returns Hedge funds are far riskier and provide much lower returns than is commonly supposed... |
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China's Slowdown Paper from Vanguard's IC&R on implications of China's exceptional real GDP growth... |
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Finding Real Alpha Paper from Rolf W. Banz on skill-based active management |
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Investment Committees Vanguard's view of investment committee best practices... |
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Financial Simulation Merits and limitations of historical simulation and Monte Carlo simulation approaches... |
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Market Indexes How the most prominent benchmark providers construct and maintain their measures... |
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Alternative Investments Understanding private equity performance measurement and its role in a portfolio... |
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Inertia and retirement savings: Participant behavior in 2008 The calendar year 2008 saw market volatility rates jump to Great Depression levels. But a new Vanguard study, authored by Stephen Utkus and Jean Young, shows the response from participants in US defined contribution (DC) retirement schemes barely registered on the investor seismograph. |
NOTE: The materials listed above may have been prepared in the United States or other jurisdictions and the data may therefore relate to foreign products (including mutual funds offered by The Vanguard Group, Inc.). The materials may not represent our views. The materials are presented for your information and reference only and are not intended to advertise or solicit investments in any foreign products or any other product . Vanguard Investments Australia Limited is unable to facilitate investment for you in any products which may be offered by The Vanguard Group, Inc.