Successful investing amid challenging conditions requires perspective. Find some in our market volatility hub.
The Vanguard investment story: A long-term focus. Discipline. Strong results.
Perspectives and news
Greg Davis, Vanguard Chief Investment Officer
Commenting on crypto
Cryptocurrency has become a hot investing topic recently. Chief Investment Officer Greg Davis weighs in with his views on the value of crypto and the technology behind it.
The Fed's plan to shrink its balance sheet, quickly
Vanguard experts discuss the Fed’s balance sheet reduction plan compared with previous quantitative tightening and potential implications.
Active fixed income perspectives, 2Q 2022: The New Reality
Our quarterly in-depth commentary offers a sector-by-sector analysis and a summary of how our views affect the Vanguard active bond funds.
Thoughts on direct indexing
In this panel discussion hosted by Portfolio Management Research, Jim Rowley Jr., CFA, head of Investor Research in Vanguard Investment Strategy Group, offers his perspective on direct indexing.
Research spotlight
Portfolio considerations
How Investors Use Passive for Active
New Vanguard research indicates that investors are frequently using non-total market index funds to build portfolios with active exposures, according to “How investors use passive for active,” a paper authored by Vanguard’s Jan-Carl Plagge, Haifeng Wang, and Jim Rowley. The paper was published in The Journal of Beta Investment Strategies.
Not all fixed income is created equal: The role of fixed income sectors in liability-driven investing
Vanguard believes private corporate pension plans should consider a liability-driven investing (LDI) program in the fixed income portion of their portfolio. Based on our analysis, a customized mix of U.S. investment-grade credit bonds and Treasuries aligns well with that liability. Such a mix has historically helped plan sponsors mitigate risk.
Financial Planning Perspectives—A "BETR" Approach to Roth conversions
Investors typically decide whether to convert to a Roth IRA from a traditional IRA by comparing their current and expected future marginal tax rates. The traditional wisdom has been that higher future tax rates make conversion more desirable and lower ones make it less so. Vanguard researchers describe a break-even tax rate (BETR) that yields a more accurate view of what future tax rate would make an investor indifferent to a conversion.
A systematic approach to constructing high-income portfolios
Retirees often eschew investing for total returns, relying instead on dividends and interest from high-income-producing assets to support spending from ad hoc portfolios. We introduce a method for building high-income portfolios that maximize the investor’s utility of wealth based on total returns while accounting for yield preferences.
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