Beyond expense ratio: A contemporary guide to index fund manager selection
This paper provides a contemporary framework for evaluating index funds and asset managers by assessing fund expenses as only one component of a broader set of qualitative and quantitative factors.
The Idea Multiplier: An acceleration in innovation is coming
In this paper, we introduce our concept of the Idea Multiplier, a metric to measure the spread of new ideas. Because the Idea Multiplier has recently accelerated, we expect productivity growth to rise in the near future.
Are you looking to navigate the waves of market volatility?
With periods of wild market swings on the rise, we take a look at how the Vanguard Global Minimum Volatility Fund can help reduce portfolio volatility.
What negative bond yields mean for investors
Vanguard experts discuss why some yields have turned negative and how investors can navigate the current challenging bond environment.
Spotlight articles
How derivatives can improve your investment outcomes
Vanguard employs derivatives as part of our prudent portfolio management strategies to improve investor outcomes.
Focus on investment costs, not style
When it comes to investing, the reality is the opposite of the marketer's beloved slogan: 'you get what you pay for'.
Investors are "voting with their feet" on costs
Lower costs allow investors to keep a greater share of an investment's return.
For a smoother path to investment success, diversify
In a variety of arenas, people agree that diversification can improve chances for success. Investors are no different.
The importance of cost in retirement
Retirement is complex, and in spite of the volumes of research on the topic, there are rarely simple answers to many questions for those moving into retirement.
How much home country bias is too much?
If Australia's dream equities run comes to an end, investors may start to feel the pain, particularly when their standard of living in retirement is at stake.
Post-retirement income: Product, service or both?
Defined contribution (DC) retirement systems around the world face a pressing question: how can members generate a regular income in retirement?
This research paper presents a methodology for estimating the trading volume on US exchanges attributable to the portfolio management activity of index funds, index ETFs and other indexing strategies. We estimate that index funds and index ETFs currently account for approximately 1% of US trading volume.
Known unknowns: Uncertainty, volatility and the odds of recession
This Vanguard research paper explores how tightening financial conditions and greater policy uncertainty influence the likelihood of recession. The paper also looks at the effects on US Federal Reserve interest rate policy.
Cycle-based factor timing: Clear in hindsight but hazy ahead
Cycle-based factor-timing strategies require moving in and out of factors based on knowledge of which factors have performed best under various economic conditions. Investors must gauge their ability to identify the key inflection points in advance. Vanguard’s new Global Macro Matters paper studies the success of basing such strategies on historical returns.
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