Vanguard Fixed Income Group principal Josh Barrickman discusses how careful sampling, the use of a specialist model, and other techniques help his team’s bond-trading experts tightly tracking bond market indexes.
Index funds may be passive investors, but the Vanguard funds are not passive owners.
The familiar may seem inherently less risky, but is that always true? Vanguard CEO Bill McNabb shares his thoughts on home bias.
The single-fund solution works for most plan participants. But for those who are more informed and engaged, adding a satellite investment on top of a TDF isn’t necessarily a mistake.
Conventional wisdom doesn’t always hold up when you look at the data. You don’t have to drink 8 glasses of water a day, and inefficient markets don’t make it easier for active managers to outperform.
Active investment managers are like major league baseball players. Both are capable of producing towering home runs or disappointing strikeouts. And when it comes to investing, consistent singles and doubles may add up to scoring runs over time.
Michael Palazzi, senior DC investment strategist, Vanguard Defined Contribution Advisory Services, shares how a “vanilla” TDF portfolio construction can be the best option for plan participants.