Roger Aliaga-Díaz

Roger A. Aliaga-Díaz, Ph.D., is a principal and senior economist with the Investment Strategy Group at Vanguard. Mr. Aliaga-Díaz’s areas of expertise are monetary policy, international macroeconomics, and finance. He has published studies on investment and macroeconomic issues in peer-reviewed academic journals and has presented his research at various industry and academic conferences including the Board of Governors of the Federal Reserve System, the American Enterprise Institute for Public Policy Research, and the American Economic Association. Before joining Vanguard in 2007, Mr. Aliaga-Díaz was a visiting professor of macroeconomics at Drexel University’s LeBow College of Business. He earned a B.A. in economics from Universidad Nacional de Córdoba, Argentina, and a Ph.D. in economics from North Carolina State University.

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Visit to obtain a prospectus or, if available, a summary 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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