The Yale endowment model may be a victim of its own success. Opportunities in the alternative space are drying up. The second in a three-part series on the investing landscape for educational endowments.
Productivity growth, fast and slow
Categories: Market & economicVanguard Chief Economist Joe Davis looks at the paradox of stagnating productivity and technological innovation.
Two pictures are worth 2,000 words
Categories: InvestmentsSince 1996, the number of U.S. public companies has been cut in half. But Head of Vanguard Investment Strategy Group Jim Rowley explains research data from a graph showing little, if any, impact the decline has on investors.
Factor-based strategies are often different, even when focused on the same factor. Here are four key questions to ask when evaluating factor products.
Plan design has made us better investors
Categories: RetirementThe positive influence of plan design variables has helped improve participant outcomes.
Many educational institutions try to duplicate the legendary Yale endowment model in their own investing. Why have Yale’s epic returns proved elusive? The first in a three-part series on the investing landscape for educational endowments.
Investors often try to escape market volatility with tactics that can backfire. A Vanguard target-date retirement fund (TDF) is designed to help investors ride out volatile markets instead of taking potential costly risks.
Rising yields got you singing the blues?
Categories: InvestmentsJohn Hollyer, global head of Vanguard Fixed Income Group, discusses the recent rise in bond yields and what that’s meant for Vanguard’s bond funds. Mr. Hollyer says investors should center their long-term return expectations on the yields they are getting today.
New Fed chair, new challenge
Categories: Market & economicVanguard Chief Economist Joe Davis sees Powell facing a new communication challenge—making clear that market conditions warrant higher rates, but not too much higher.
When evaluating TDFs, plan sponsors and consultants would do well to look beyond a single point in time. Vanguard’s holistic approach to TDF design includes a glide path that’s designed to support an investor’s journey from early career through retirement. This approach is not purely a portfolio optimization exercise at each stage of the life cycle, but rather the culmination of years of experience in helping investors reach their investment goals.
