Perspectives and commentary

In the rough start to 2022, the trading behavior of the vast majority of Vanguard clients indicates that they have stayed the course.

With stocks and bonds well into negative territory, it’s tempting to call the traditional balanced portfolio dead. But we’ve been here before, says Roger Aliaga-Díaz, chief economist for the Americas and head of portfolio construction in Vanguard Investment Strategy Group.

Vanguard has downgraded economic growth forecasts for the U.S. and China, but recession isn’t likely.

A COVID-19 lockdown strategy that succeeded in the pandemic’s early days is likely to hold back China’s economy.

With surging inflation, the euro area will be hiking interest rates into positive territory later this year. Vanguard updates its forecasts for this year and next.

Vanguard Chief Investment Officer Greg Davis explains the key elements that set us apart—expertise, a disciplined approach, and a global presence.

The era of ultra-low neutral rates may be coming to an end as some of the drivers behind it are lessening or even reversing.

How are investors hedging against the surge in inflation? Our investment strategists looked at their usage of TIPS in 2021.

A Vanguard study using natural language processing of biographical data for fund investment teams finds higher performance from teams with gender diversity.

At best, you may marginally improve returns through market timing. At worst, you could drastically lower returns.

One key strategy to boost retirement plan participant outcomes: offer an advice option like a target date fund. Here we discuss findings in Vanguard’s 2022 How America Saves report, along with key insights that can enhance plan design.

After 25 years, Vanguard Managing Director Karin Risi is unwavering in her focus on clients and fulfilling Vanguard’s mission.

Inflation is putting economies on the path to recession. In this short video, Vanguard’s global chief economist discusses how that could be avoided.

In case you missed it: Vanguard recently shared its 2022 midyear economic and market outlook. In it, Vanguard’s global and regional chief economists discuss increased inflation, muted growth, and recessionary fears.

How automatic retirement plan features can boost participant savings rates and enhance long-term outcomes.

What’s at the center of Vanguard’s culture? Vanguard CHRO Lauren Valente explains who and what matter most.

How advisors can add alpha through services such as financial planning, discipline, and guidance.

Certain retirement plan provisions can help workers continue to save, even when they switch jobs.

How Vanguard strategically builds portfolio asset allocation models based on goals, preferences, and beliefs: a customized solution that meets a wide range of investor needs.

As the geopolitical battle over Ukraine intensifies, Europe in particular is exposed to a potential energy crisis, but there would be implications for the global economy too.

Three scenarios that the Fed could face in the coming months—a hard landing, stagflation, and a softish landing.

A Vanguard analysis shows why lofty earnings expectations shouldn’t overly concern the U.S. equity market.

When a recession occurs, we don’t know precisely when equity markets will recover. But equity prices have frequently started to recover before the end of the recession.

Our global chief economist discusses the probabilities of a soft landing, hard landing, or stagflation.

Thinking beyond market-capitalization-weighted portfolios to address complex investor preferences.

Vanguard Personal Investor Managing Director Matt Benchener reveals the question he’s asked most from investors.

Vanguard researchers home in on the US cycle of innovation and what current trends mean for future economic growth.

Vanguard Chief Economist Joe Davis speaks with Barron’s Live about recent market and economic trends.

Vanguard Global Chief Economist Joe Davis discusses the drivers of how his team assembles its economic and market outlook.

Vanguard active bond managers offer their risk-reward outlook for bond funds as inflation remains high and the Federal Reserve continues to raise interest rates.

In a short video, Vanguard’s global head of portfolio construction contrasts time-varying and tactical asset allocation.

Vanguard research shows that inflation doesn’t affect optimal Social Security claiming strategies.

Vanguard is assessing ways to provide individual investors the opportunity to participate more directly in the proxy voting process.

Among the many rebalancing methods, we seek the one that is more risk-return-efficient and cost-effective than others.

Vanguard crew around the world joined forces in early October for the 2022 Vanguard Gives Back campaign, under the theme of Stronger Together.

A recently published Vanguard research paper shows that valuing or benchmarking advice recommendations against an investor’s current plan helps advisors prioritize those recommendations to employ the highest-value strategies.

The traditional target-date fund might be too conservative for some retirees in poor health. Such investors might consider personalized advice.

Vanguard managing director John James describes how simple it can be to start saving for retirement, from taking advantage of the company match within an employer plan to considering a target-date fund.

Updated Vanguard research highlights three key steps to help people choose Medicare coverage options.

Quickly rising global interest rates increase the prospect of dislocations in distinct market corners. Financial markets seek certainty that policymakers can lead the economy to a comfortable place.

A Vanguard economist looks at factors underlying the current strength of the U.S. dollar against most currencies.

Our latest bimonthly Investor Expectations Survey indicates that while pessimism among investors has eased somewhat, it remains at a high level.

With interest rates going up and likely to stay elevated, what’s the implication for the balanced portfolio? Short-term pain but relief with brighter prospects, possibly by next year, says our head of portfolio construction.

Vanguard managing director Tom Rampulla shares why he still works at the firm after 33 years.

With the litany of negative economic and market news, it’s tempting to stay on the sidelines. But, based on market history, Vanguard CIO Greg Davis says it’s better to stay in the game.

Our guide can help investors overcome struggles and develop long-term strategies to maintain financial wellness.

Congress has until June to raise the debt limit, but what does it all mean for the government and for the investor?

Matt Benchener, managing director for Vanguard Personal Investor, reflects on the biggest leadership lesson he’s learned.

Catch up on selected Vanguard perspectives on the economy, financial markets, portfolio considerations, and more.

Learn about the role of financial advice, how inflation and rising interest rates affect fixed income investors, and strategies for weathering stock market cycles.

What would Vanguard Chief Investment Officer Greg Davis share with his younger self about investing? Ignore the hot stock and focus on the importance of asset diversification.

Look back at Vanguard research on rebalancing, Roth IRA conversions, charitable giving, asset location, and tax-loss harvesting.

In this short video, Vanguard’s global chief economist, Joe Davis, discusses what’s ahead for the economy in 2023.

In a short video, Vanguard’s global head of portfolio construction discusses what’s needed to create a customized portfolio.

Vanguard is providing an update about our engagement with the Net Zero Asset Managers initiative (NZAM).

With the rise of commission-free ETF trading, it’s important to know how to tally the total cost of owning an ETF.

Municipal bonds aren’t the only option for the fixed income portion of a tax-efficient portfolio. Taxable bonds can play a role too, according to new Vanguard research.

Investors are feeling more pessimistic about the short-term outlook in financial markets and are having to tap their retirement savings for cash.

Research, dialogue, and collaboration with a side of healthy debate sum up Vanguard Global Chief Economist Joe Davis’s regular schedule. Learn more about what goes into his day and what comes out of team discussions.

China will likely see fairly robust growth in 2023, just enough to keep us out of a global recession.

Despite collapsing natural-gas prices and resilient industrial activity, Europe’s energy crisis isn’t over yet.

Vanguard economists predict fundamental changes in what has been the world’s economic engine.

There are signals—including some from our own retirement plan data—that show hiring is slowing.

U.S. value stocks are poised to outperform U.S. growth stocks over the next ten years. Kevin DiCiurcio, head of the Vanguard Capital Markets Model® research team, explains why.

Our global survey of economic conditions features a look at divergent expectations for the key U.S. interest rate.

Negative convexity has rejoined duration and credit as central considerations in active muni investing.

Learning about ETF premiums and discounts can help you begin optimizing your ETF trading strategies.

Is inflation finally tamed? Not likely unless we see a slowdown in “sticky” categories.

For only the second time in history, the U.S. credit rating has been downgraded. We discuss the ramifications.

In a Bloomberg podcast, Vanguard’s global chief economist discusses recession, inflation, and the labor market.

Vanguard experts discuss what recent rate hikes mean for fixed income returns over the long run.

529 plan investors using a glide-path approach have less investment risk on average than self-directed investors.

We’re committed to serving our communities year-round were recently honored for Philadelphia-area civic impact.

Our global economic survey features research suggesting that current interest rates may be less restrictive than policymakers believe.

Investors were feeling more optimistic as stocks rebounded in June, according to the latest Vanguard Investor Expectations Survey.

Here’s a sampling of our latest economic and market research and insights to add to your summer reading list.

Higher inflation can mean higher return correlation. But that doesn’t offset the benefits of balanced investing.

Our head of community stewardship discusses volunteerism and philanthropy at Vanguard.

Vanguard’s chief investment officer gives his take on how to navigate the current interest rate environment.

Interest rates may rise further, and economic growth may slow. Expected market returns have mostly edged lower since year-end.

Key supports for the U.S. housing market: an undersupply of homes, supportive demographics, and borrower fundamentals.

Our global survey of economic conditions features a look at divergent expectations for the key U.S. interest rate. 

Key supports for the U.S. housing market: an undersupply of homes, demographics, and borrower fundamentals.

Our head of portfolio construction addresses the ongoing 60/40 debate in InvestmentNews.

Key supports for U.S. housing market: an undersupply of homes, supportive demographics and borrower fundamentals.

The markets anticipate the Fed cutting rates, but not this year say our economists and machine learning model.

An agreement on the debt ceiling has been signed into law. How should investors respond?

Lawmakers have reached a bipartisan agreement to raise the debt ceiling. How should investors respond?

In a guest column for Barron’s, Vanguard’s global chief economist contends that the Fed’s inflation fight is far from over.

Vanguard CIO Greg Davis describes the potential paths ahead, including the likelihood of a positive outcome.

In the wake of U.S. regional bank failures, investors’ optimism ticked down and hiring slowed.

In this audiocast, Greg Davis and Sara Devereux discuss the ramifications of a debt default and the precautions we’ve taken.

Learn Vanguard’s views on how investors should respond to the debt ceiling talks in Washington.

Our global survey of economic conditions features a look at divergent expectations for the key U.S. interest rate.

Get Vanguard’s perspective on how we’re responding to the debt ceiling debate and what investors should know.

High-income super savers will benefit from new provisions around RMDs, 529 plans, and more.

Three senior leaders share how persistence, work ethic, and mentorship shape their roles and advance gender equity.

U.S. stock outperformance over the last decade has likely sown the seeds for their underperformance over the coming one.

Fresh central bank rate hikes highlight the disconnect between hawkish policymakers and investors who’ve been expecting rate cuts in 2023.

Having a credit tilt in the bond portion of a portfolio can enhance long-term returns.

Those on the road to retirement (or already there) may benefit from one or more of the changes in SECURE 2.0.

New provisions can help young savers who are saving for retirement and also trying to meet nearer-term goals.

We continue to expect mild recessions and generally rising central bank policy rates in major developed economies.

History shows why investors shouldn’t overreact to market volatility.

April is Financial Literacy Month and a great time to review ways investors can access financial planning and wellness tools.

In context, recent tech sector layoffs are limited in scope and not likely to spill over to the broader economy.

April is Financial Literacy Month. More money know-how increases the likelihood of reaching financial goals.

Look for consumer spending to play a pivotal role in the U.S. economy in the year ahead.

In this excerpt from a January 10, 2023, webcast, Vanguard’s CEO talks about a bellwether asset mix.

Joe Davis, Vanguard’s global chief economist, discusses the trade-offs facing the Fed in its efforts to achieve price stability.

Market volatility may come and go in the months ahead, so it’s important for investors to stay focused on what they can control, like maintaining balance and diversification in their portfolios.

Retiring and relocating typically unlocks $100,000 in home equity for retirement, Vanguard research finds.

In this January 10, 2023, webcast excerpt, Vanguard’s CEO advises nervous investors to control what they can.

The past year was brutal for the 60/40 portfolio. But it helps to maintain perspective, looking back and forward.

Our base case remains a shallow recession in late 2023, but the odds of a “later landing” have increased.

Recessions likely have begun in the United Kingdom and euro area, and a mild U.S. recession this year remains likely.

Senior portfolio manager Jim D’Arcy discusses the outlook for municipal bonds on the podcast Barron’s Live.

Research considers how to measure inflation based on investors' specific circumstances and how to hedge against it.

Following an extended period of relatively low interest rates, Vanguard examines the benefits of investing in private equity amid rising interest rates.

Vanguard examines the diversification benefits and expanded equity market coverage that the inclusion of private equity in a portfolio can provide investors.

Our global survey of economic conditions features a look at the U.S. economy’s continued vigor.

Five financial planning strategies that investors can use throughout the year to lower their tax bill.

Consumer demand has been resilient and can continue to sustain the economy in the year ahead.

Tax costs can be controlled in many instances. Investors just need to know how.

Vanguard’s Fiona Greig explores four big ideas with the potential to increase participant outcomes in retirement.

Our updated economic forecasts anticipate stronger growth and a sturdy labor market.

A semiannual review of fund industry cash flows finds below-average year-end levels of investors’ risk appetite.

Which ETF costs matter most? It depends on an investor’s portfolio construction goals, time frame, and trade size.

Vanguard’s CEO and CIO discuss potential effects of our similar return expectations for equity and bond performance.

There’s a danger of history repeating itself if the Fed starts cutting interest rates too early.

Q&A with Vanguard’s Justin Schwartz: An indexer reaches for tax-equivalent yield.

Vanguard announced Tim Buckley will retire from his role as Chairman and Chief Executive Officer by year-end 2024. Vanguard also announced that Chief Investment Officer, Greg Davis, has been appointed to the role of President of the firm.

Paired with our low-cost funds, advice can be an impactful tool for achieving financial goals, according to Vanguard’s CEO.

Investors may be too complacent about the impact of higher rates on valuations.

Vanguard’s CEO and CIO explain how higher interest rates can be a motivator for bond investors.

Emerging markets bonds are positioned to outperform much of the rest of the fixed income market in 2024.

Our global survey of economic conditions features the enduring strength of the U.S. consumer. 

The start of the year is a great opportunity to get aligned with Vanguard’s four timeless principles for investing success.

Vanguard’s most recent AFI launch highlights the value of Vanguard ownership.

The lasting impact of a father’s disciplined investing on his family and the steps to make such discipline easier.

Although yields have fallen sharply, fixed income investors should feel comfortable about the path forward.

Wellington CEO Jean Hynes discusses how her company’s strengths help foster an effective partnership with Vanguard.

Hirings continued to soften, according to Vanguard retirement data and the latest JOLTS survey.

Money is a stressor for many Americans. These tips can reduce the strain this Financial Wellness Month and beyond.

Vanguard leaders explain why we’re not offering bitcoin ETFs or other crypto products on our brokerage platform.

Investors were feeling more optimistic as stock return expectations rose in December, according to the latest Vanguard Investor Expectations Survey.

Our global survey of economic conditions features the implications of shipping disruptions for inflation rates.

In a podcast appearance, Vanguard’s chief economist for the Asia-Pacific discusses investment conditions and the long-term outlook.

A year after the act took effect, here’s our roundup of what’s changing this year and what’s coming soon.

A new, proprietary Vanguard index suggests the dollar is overvalued and will depreciate modestly in the coming years.

In a podcast appearance, Vanguard’s global chief economist discusses investment conditions and the long-term outlook.

Cutting through the noise to find the next big thing: A Q&A with Baillie Gifford’s Tom Coutts and Lawrence Burns.

Look back at Vanguard research on the 60/40 portfolio, rising yields, securities lending, and more.

In 2023 interviews, portfolio managers describe their approaches and what makes a difference for investors.

Our global survey of economic conditions shows how more Americans postponing retirement is helping the Fed rein in inflation.

In a 4-minute video, Sara Devereux discusses the advantages low costs give active bond managers in the new environment.

Vanguard’s Julie Virta shared five simple tax tips for new year planning with readers of Kiplinger.

Three Vanguard senior economists discuss interest rates, inflation, the labor market, and the broader U.S. economy.

Even when tested by fear and uncertainty, Vanguard’s Jon Cleborne says, investors should be mindful of these key ideas.

This short video discusses why interest rates are returning to historical norms, benefiting savers and investors.

As ETF use accelerates, it’s important for investors to use sound trading practices, especially for large trades.

What are asset managers missing? According to our analysis, it’s what should be step one in the process. 

Factor-based investing can take on different characteristics depending on the approach chosen.

Valuation-aware, time-varying asset allocations can help investors reach their return targets.

In a two-part podcast appearance, Vanguard’s head of advice methodology gives his take on savings and retirement.

An era of higher interest rates will also be an era of sound money. Read more of Vanguard’s 2024 views in this summary.

Learn why the current fixed income environment is a positive for long-term retirement investors.

Our global survey of economic conditions features the interest rate targets of developed-market central banks.

Global head of Vanguard’s Fixed Income Group sees “tremendous value” in bonds right now.

A mobile preschool funded by Vanguard Strong Start for Kids supports in-home childcare providers and children.

Investors were feeling more pessimistic as stock return expectations dipped in October, according to the latest Vanguard Investor Expectations Survey.

Default risk has consistently been a key performance differentiator in actively managed bond funds.

The labor market remains robust, but hiring is continuing to soften, according to Vanguard retirement data.

Our global survey of economic conditions features a look at a key impact of European Central Bank tightening.

Our research defies conventional wisdom on the asset location of equity subclasses to optimize after-tax returns.

Watch a recorded Q&A with Vanguard economists on the drivers behind our global market outlook.

There are signals, including some from our own retirement-plan data, that show hiring continued slowing in August.

Interest rate hikes may be winding down in developed markets, but rates may stay high longer than expected, according to Vanguard economists.

Register to attend a live, online Q&A with Vanguard economists on October 4 at 10 a.m., Eastern time.

Our global survey of economic conditions features a look at a divergence between U.S. fiscal and monetary policies.

Investors remained upbeat about the outlook for stocks and the economy and our Fear and Doubt Index eased.

Vanguard has developed four principles to help policymakers consider tradeoffs when designing Baby Bonds programs.

Looking for new ideas? You might find some in books recommended by our chief investment officer and three of his colleagues.

New Vanguard research considers how to navigate the current environment following recent Fed rate hikes. 

Greg Davis examines the role that asset classes play in a portfolio in today’s market environment.

Vanguard believes the investment case for private equity is strong and provides suitable investors the potential for excess returns and increased portfolio diversification. Vanguard’s mission is to broaden access to private equity strategies that were previously reserved for the largest asset pools.

Investments in AI are unlikely to ward off a near-term U.S. economic slowdown or justify rich stock valuations.

Bonds are back, but the prospect of falling rates isn’t the only reason—yield income is higher, too.

ETF options usage rises, and active ETF costs fall. Our experts examine these ETF industry trends and more.

Read Vanguard's 2024 outlook on the private equity market, including our latest forecasts and perspectives.

A semiannual review of fund industry cash flows finds increased levels of investors’ risk appetite.

Hiring has moderated in recent months, which aligns with employment reports, suggesting a slower summer hiring season.

We may be approaching a turning point in the economic cycle, historically a good environment for higher-quality bonds.

Investing the cash sitting in IRAs could help put millions of Americans on a better path to retirement.

We survey the global economy and review a potential—and likely false—recession signal.

A rising unemployment rate may not be truly indicative of the labor market.

Vanguard research considers the key factors for success in a tax-loss harvesting-strategy.

Shelter inflation and underlying labor momentum will keep the Fed cautious ahead.

Vanguard research explores whether investors can build additional wealth by using 529 plans for K–12 tuition.

High-flying stocks command investors’ attention. Do they affect market returns as much as the worst performers?

In a 4-minute video, our chief economist contends that transformative technologies aid our health, happiness, and progress.

Predictions for soft landings and hard landings were off for 2024. Time to consider a delayed landing in 2025.  

In a 2-minute video, our chief economist considers the chance that artificial intelligence will transform lives.

Our experts discuss the ramifications of central banks diverging in their monetary policy this year.

A leader in Vanguard Fixed Income Group discusses opportunities in an expanding emerging markets debt arena.

Here’s why slowing globalization is unlikely to lead to worrying inflation, particularly in the U.S.

The retirement savings gap has narrowed, but most baby boomers still face shortfalls.

Bill Coleman and his team seek “the best possible experience” for ETF investors.

Our research quantifies the value of securities lending for the industry and at Vanguard.

Our research looks at hybrid annuity TDFs—their investment merit and the potential challenges that come with them.

A new Vanguard research paper evaluates the match formulas of more than 1,300 employer-sponsored retirement plans.

Vanguard makes the case for the benefits of a fund of funds structure for suitable individual investors to access the private equity markets. 

ETF inflows and market returns rose amid shifting perceptions of when the Fed might start easing credit costs.

To celebrate 529 Day, we feature some of our best perspectives to help investors tackle college expenses.

Workers of all ages are seeing a rise in hiring, but it’s really just lower-income workers who are driving the increase.

Allocating to TIPS requires skill as it’s difficult to predict the path of inflation and interest rates.

We survey the global economy and preview our forthcoming research into artificial intelligence and demographic forces.

There’s a gap between the median IRA balances of women and men, according to our research.

Avoiding investor biases can help both novice and seasoned investors achieve their goals.

Investors remain confident about short- and long-term stock return expectations, according to the latest Vanguard Investor Expectations Survey.

The Fed could have limited room to cut rates and may need to remain on hold until the end of the year.

A look at opportunities in the muni bond market for active managers to deliver better-than-market returns.

Vanguard’s James J. Rowley, Jr., CFA, analyzes the impact of market environment on active performance.

ETFs have exploded in growth, and within the ETF ecosystem, the exchanges play a vital role that goes beyond being a listing venue. Three major U.S. exchanges provide insights on their roles and the future of ETFs.

Portfolio managers from our Quantitative Equity Group explain their use of machine learning. Interpretability is key.

The economic future is unlikely to look like the recent past. Artificial intelligence or demographics will drive change.

The Fed and the ECB may be taking very different paths in their monetary policies, impacting inflation and portfolios.

Our global survey of economic conditions features the role of shelter and services in U.S. inflation rates.

Our framework for cash investing takes into account risk tolerance, investment horizon, and funding levels.

AI is enhancing our ability to serve clients, and we’re just getting started. More from our CEO and CIO.

Vanguard experts say effective financial advice and investment products have shrunk an investor “behavior gap.”

Vanguard economists weigh in on why the dollar is the global reserve standard and the likelihood of an alternative emerging.

Aurélie Denis discusses Vanguard’s approach to managing target-date funds and differences from our competitors.

There’s more to Vanguard than index funds. Our global head of fixed income explains our active fixed income methodology.

Demand for lower-income workers has supported strong inflation-adjusted wage growth.

Watch a 2-minute video featuring Vanguard’s global chief economist and head of fixed income credit.

This article provides information about the Vanguard Investor Choice pilot program and updates since its launch.

Vanguard’s Jumana Saleheen explains why bonds now stand to offer greater value than equities in a portfolio.

What’s the strategy with the lowest tax liability when making withdrawals from an inherited IRA?

Investors can employ diversification strategies beyond just asset allocation. Think about taxes and longevity risk, too.

IRA cash is a billion-dollar blind spot. Our recent survey of rollover IRA investors examines some of the reasons why. 

Our proven approach is focused on safeguarding and promoting investors' long-term financial returns.

New research provides a foundational framework for considering index and active fund investing.

401(k) savers are saving more than ever before, thanks in large part to plan design improvements over the past 20 years.

Vanguard examines the benefits of maintaining a consistent commitment strategy to fully capture the increased return potential and diversification benefits of private equity.

We provide some perspective for investors following the April 2 U.S. trade announcement.

Vanguard muni bond managers look to generate outperformance using the three Cs: credit, carry, and convexity.

For the sixth consecutive year, female Vanguard leaders have been honored as part of the annual Barron’s list.

Vanguard research: A framework to help investors plan for potential retirement health care needs and related costs.

Vanguard’s Fiona Greig reflects on retirement savings moments that matter.

We survey the global economy and highlight the potential effects of the new German government’s stimulus plan. 

What goes into managing a bond index fund? More than meets the eye. Find out how Vanguard balances the trade-offs.

Our head of fixed income product explores the factors investors should consider before investing in TIPS.

Good news: The best determinants of long-term success are within your control, says our head of advice methodology.

Why active U.S. equity funds often fall short when their assigned style benchmark is in favor, and vice versa.

Senior International Economist Kevin Khang, Ph.D., offers perspective on the nature of the recent spike in market volatility.

Secure financial accounts with these essential tips to protect assets and personal information.

Are fewer companies now being publicly traded? And are they going public later than before? Here’s what we found.

IBM’s CEO and Vanguard’s global chief economist discuss the implications of AI on individuals and the workforce.

Vanguard’s Joe Davis explains why we expect AI to lead to the fastest productivity and economic growth in a generation.

This article provides information about the latest expansion of Vanguard Investor Choice.

New research shows some investors may benefit by claiming Social Security early.

Learn more on the Vanguard funds’ proxy results.

In a 1-minute video, our global chief economist explains the concept of sound money in today’s environment.

We survey the global economy and highlight the intersection of U.S. productivity and wage gains.

Vanguard’s Joe Davis explains why the nature of active performance will depend on how the promise of AI plays out.

An in-depth commentary on and analysis of economic trends affecting ETF investors.

Pending tariffs might mean greater risk in the markets but also opportunities, says Vanguard President and CIO.

In today’s environment, one could take on less risk for the same expected return, says our head of advice methodology.

A Q&A on the potential impact of tariffs with Kevin Khang, a Vanguard senior international economist.

Active management can help factor funds capture more of their target factor, increasing return potential.

In this short video, our global chief economist discusses the gap in performance between U.S. and non-U.S. equities.

Effective February 1, 2025, the company has lowered the expense ratios of 168 share classes across 87 funds. 

We expect an era where interest rates remain above inflation, helping investors achieve success in fixed income.

Read Vanguard's 2025 outlook on the private equity market, including our latest forecasts and perspectives.

Active fixed income may be advantageous as interest rates rise and AI expands, says Vanguard’s Joe Davis.

With recent volatility in the tech sector, our global chief economist provides perspective on valuations, risks, and opportunities.

We outline our baseline scenario for the U.S. economy in 2025 and four alternative scenarios.

Investors remain positive despite concerns about growth and inflation, per the latest Investor Expectations Survey.

U.S. stocks’ outperformance may raise doubts about global diversification, but there’s a fallacy in that argument.

According to Vanguard’s Joe Davis, broader U.S. equity markets are the main beneficiaries of AI-driven growth.

Begin the new year with these resources to help keep your financial planning on track.

These market and economic perspectives captured readers’ attention in 2024 and remain relevant for investors. 

Vanguard offers insights on how investors should respond to a government shutdown.

Optimizing a target-date rebalancing strategy that aims to improve long-term investor outcomes by managing risk.

Unpacking Germany’s economic challenges: overreliance on exports, an aging workforce, and stifling bureaucracy.

In this short video, Vanguard’s global chief economist discusses the economic and market outlook for 2025. 

Portfolio managers Halsey Morris and Anna Lundén of Wellington Management discuss their all-cap, multidisciplinary approach to security selection.

Vanguard’s Joe Davis says the overall U.S. stock market is more overvalued than at any point since early 2001.

A region-by-region look at Vanguard’s latest take on what’s driving U.S. and international markets.

Vanguard’s Janel Jackson discussed our strategic initiatives in the ETF market and more with Bloomberg.

At Vanguard, quantitative equity funds leverage science, data, and the human touch to help drive better outcomes.

Large employers are proceeding with caution in hiring new workers, and lower-income job hires continue to moderate.

We expect continued global economic growth and rate cuts, but also inflationary pressures.

An in-depth commentary and analysis of recent economic trends affecting ETF investors.

Joel Fried and Al Mordecai, portfolio managers for Vanguard PRIMECAP Fund, discuss the fund’s origins, philosophy, and portfolio.

Following the U.S. presidential results, Greg Davis reminds investors to keep a long-term perspective.

We expect interest rates to settle well above their pre-pandemic levels, and that makes a strong case for bonds.

With the global interest rate-cutting cycle underway, our view is that a soft landing looks more and more likely.

How plan sponsors and consultants can use our How America Saves report to enhance participant retirement readiness.

A look at how capital gains generated by mutual funds and ETFs are taxed. 

After losses in 2022, returns for the 60/40 portfolio are again positive, reaffirming this allocation’s benefits.

We survey the global economy and highlight a sign of healthy balance in the U.S. labor market.

Vanguard’s Fiona Greig discusses why saving and investing shouldn’t pause because of a job change.

Expect to hear more about r-star, or the neutral rate of interest, as the Fed recalibrates its monetary policy.

Global credit markets can offer enhanced yield, often without an increase to credit or duration risk.

After decades of stagnant economic and market growth, Japan may finally be on the path of a sustainable rebound.

Our research shows that changes in interest rates may alter the risk profiles of bond funds. Now might be the time for a checkup. 

Large employers are hiring at the slowest pace since June 2020, indicating a cooling in the broader labor market.

Investors’ high spirits about short- and long-term returns aren’t budging, per the latest Investor Expectations Survey. 

We survey the global economy and highlight two history lessons for Chinese policymakers facing deflation risk.

CEO Salim Ramji was featured on Bloomberg TV’s Wall Street Week as Vanguard marked its 50th anniversary.

Our monthly outlook features three principles for navigating more-volatile markets and a shift in investor attention from tariffs to deficits.

An in-depth commentary on and analysis of economic trends affecting ETF investors.

Our head of U.S. municipals sees value right now in longer-dated, high-quality munis. 

Explore how higher expense ratios in bond funds correlate with increased credit risk, affecting investor returns.

Vanguard experiments with artificial intelligence to help predict which companies are likely to cut dividends.

A six-step framework to plan for retirement health care needs, from long-term to unpaid care.

Learn some tax-planning tips to get ahead of potential changes to the Tax Cuts and Jobs Act provisions.

Long-term savings from lower expense ratios are crucial to measuring ETF investment costs.

Rigorous evaluation and access to top talent at low cost help Vanguard choose active managers likely to outperform.

Our CEO reflects on Vanguard’s first 50 years and outlines how we will continue to take a stand for investors.  

We believe bonds remain well positioned to offer attractive income and higher returns if downside risks increase.

Vanguard research highlights the profound impact that emergency savings have on an investor’s financial well-being.

We survey the global economy and highlight changes to our forecasts of financial market performance.  

A recent Vanguard survey finds that most investors want more of a say in proxy voting decisions.

The labor market showed resilience in the first quarter, but the continuation of this positive trend is in doubt.

Jeff Clark chats about improvements plan sponsors have made to enhance participant outcomes, as well as next steps. 

The low costs of Vanguard active fixed income ETFs can help portfolio managers take advantage of opportunities.

Market concentration has proved a headwind for active managers, but some have navigated it better than others.

In a brief video, our head of wealth management summarizes Vanguard’s principles for investment success.

In this Q&A, our credit research leaders discuss what goes on behind the scenes of Vanguard’s Fixed Income Group.

Bonds play a vital role in portfolios by providing stability and generating attractive yields, especially in uncertain market conditions.

Tech and data advancements have made strides for municipal indexing, living up to the “Bogle standard” for returns.

Adopting a proactive planning mindset can help, according to Vanguard Money Attitudes Survey 2023.

An update on our U.S. economic forecasts following the U.S. trade announcement and recent market volatility. 

Shifting economic factors have increased the appeal of sovereign debt over corporate in emerging markets.

In a series of brief videos, our global chief economist provides perspective for investors.