An article in Bloomberg reports that Vanguard Group Inc. has figured out how to avoid taxes on its mutual funds. According to the article, a review of Vanguard financial statements…
Search Results for: low-volatility funds
Trying to Put the Struggles of Value Investing in Context
…become less risky. They continue to exhibit volatility in excess of the market and they continue to have extended periods where they underperform. It is difficult to make the case…
The U.S. Expansion is Still Going
…low inflation. He also cited comments shared by former U.S. Treasury Secretary Timothy Geithner in which he argued that fundamentals of the current period are “more stable than is true…
Research Affiliates: Optimal Factor Investing Approach Includes Momentum
…low beta, profitability, investment, momentum and size.” The study– conducted by the firm’s head of investment strategy Feifei Li and vice president for smart beta Joseph Shim– also found that…
Differences in Value
…of the universe. Price/Sales Investor Ken Fisher P/S below 1.5, but the lower the better. Low P/E Investor John Neff Total Return (EPS + Yield) / PE Value Composite Investor…
Indexed Annuities: Read the Fine Print
…change of a financial index with complex indexing features, such as participation rates, interest rate caps, and spreads.” The article reports that more than 50 “volatility-controlled” indexes are attracting investors…
A Contrarian Bet on Inflation by Fund Giants BlackRock, Pimco and Vanguard
Although inflation has long fallen short of the Federal Reserve’s 2 percent target for years, some of the biggest funds are betting on the tide turning, according to an article…
A Dinner with Charlie Munger
…Munger quipped, “We’ll earn a lower return than we did on the way up,” due to increased competition in the form of companies, “scrounging every area and little niche.” He…
Stocks That Pay Dividends Can Carry Risk
…a sucker bet.” According to the article, the reason that high-yielding funds are being avoided is twofold; (1) interest rates were rising until very recently, and (2) many high-yielding funds…
Individual Investors May Not Be "Dumb Money" After All
…firm’s late founder, John Bogle: Diversify across a few dirt-cheap market-tracking index funds, then hold them for decades.” [The article notes that the study is based on surveys of more…