Matthew Brancato, department head, Vanguard Institutional Investor Group, shares how building a target-date fund is similar to a common children’s toy.
Matthew Brancato, department head, Vanguard Institutional Investor Group, discredits the common misconception that market-cap-weighted indexes systematically misprice stocks and explains how cap-weighted indexes fully reflect the aggregate view of every investor in a particular market.
Visit institutional.vanguard.com to obtain a prospectus, which contains investment objectives, risks, charges, expenses, and other information; read and consider it carefully before investing.
Investments in bond funds are subject to interest rate, credit, and inflation risk.
Diversification does not ensure a profit or protect against a loss.
Foreign investing involves additional risks including currency fluctuations and political uncertainty.
Stocks of companies in emerging markets are generally more risky than stocks of companies in developed countries.
All investing is subject to risk, including the possible loss of the money you invest.
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