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Active investing

Active investing

Proven performance requires talent, patience, and low cost

How commodities and short-term TIPS help combat inflation

Managing Vanguard Emerging Markets Bond Fund: Recent performance of the fund

Video

In this brief video clip, Dan Shaykevich, portfolio manager for our Emerging Markets Bond Fund, discusses the fund's performance on its three-year anniversary.

Dan Shaykevich highlights the performance of the Emerging Markets Bond Fund in this short video clip.

  Watch video

For equity factor strategies, beware the wrinkles in timing

Article

Learn how due diligence is necessary when using equity factor strategies to successfully achieve specific client investment objectives.

Think due diligence when considering equity factors to meet client investment objectives.

  Read article

The truth about active management myths

Audio  |  Transcript available

There are many misconceptions about active investing. Senior Investment Strategist Chris Tidmore debunks common myths about active management - including one about Vanguard's approach to active - and shares key elements to succeeding with active investing.

In this podcast, Senior Investment Strategist Chris Tidmore discusses active management insights and misconceptions.

  Listen to audiocast

 | 

  Read transcript

MYTH: Active underperforms if the manager's style box is out of favor

Article

It's a myth that active management underperforms because a portfolio manager's style box is out of favor. The reality is that what appears to be active under- or outperformance may be an issue of style purity, also known as Dunn's Law.

Vanguard debunks the myth that active managers underperform because their style box is out of favor; investment performance is often related to style purity.

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MYTH: Higher active share leads to better outcomes

Article

It's a myth that higher active share leads to better outcomes. The reality is the zero-sum game and the low-cost advantage apply no matter the percentage of a fund portfolio that differs from a benchmark index.

It's a myth that higher active share leads to better outcomes. The reality is the zero-sum game and the low-cost advantage always apply.

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Proper benchmarking: What I learned as a hedge fund manager

Article

Senior Investment Strategist Chris Tidmore explains how properly benchmarking hedge funds and other alternatives can improve their relative performance.

Senior Investment Strategist Chris Tidmore explains how properly benchmarking hedge funds and other alternatives can improve their relative performance.

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MYTH: Active management performs better in bear markets

Article

Why select an active manager? Advisors have many reasons, but not all of them hold up to scrutiny. Believing that active managers generally perform better in bear markets is a myth, not a reality. Take a look at the reality.

Not all reasons for selecting active managers hold up to scrutiny. Let's look at whether active managers generally perform better in certain bear markets.

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Our experts talk factors and ETFs at recent conferences

Article

A panel of three Vanguard investing experts summarized their experiences at the Morningstar Investment Conference and the Inside Smart Beta & Active ETFs Summit.

Three Vanguard investing experts discussed what they learned at two recent industry conferences.

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Vanguard factor ETFs: Harness low-cost, transparent exposure to factors

Article

Vanguard's new low-cost factor ETFs are a rules-based, transparent innovation in factor investing. This brochure lays out our perspective on factor-based investing and explains how you can reflect your clients’ goals through factor exposure.

Vanguard's new low-cost factor ETFs are an innovation in factor investing. This brochure explains how you can reflect client goals through factor exposure.

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Do you like your style factor spicy or tangy? Evaluating factor funds

Blog

Factor-based strategies are often different, even when focused on the same factor. Here are four key questions to ask when evaluating factor products.

Factor-based strategies are often different, even when focused on the same factor. Here are four key questions to ask when evaluating factor products.

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Do you like your style factor spicy or tangy? Evaluating factor funds

Blog

Factor-based strategies are often different, even when focused on the same factor. Here are four key questions to ask when evaluating factor products.

Factor-based strategies are often different, even when focused on the same factor. Here are four key questions to ask when evaluating factor products.

Read blog  

Do you like your style factor spicy or tangy? Evaluating factor funds

Blog

Factor-based strategies are often different, even when focused on the same factor. Here are four key questions to ask when evaluating factor products.

Factor-based strategies are often different, even when focused on the same factor. Here are four key questions to ask when evaluating factor products.

Read blog  

Do you like your style factor spicy or tangy? Evaluating factor funds

Blog

Factor-based strategies are often different, even when focused on the same factor. Here are four key questions to ask when evaluating factor products.

Factor-based strategies are often different, even when focused on the same factor. Here are four key questions to ask when evaluating factor products.

Read blog  

Do you like your style factor spicy or tangy? Evaluating factor funds

Blog

Factor-based strategies are often different, even when focused on the same factor. Here are four key questions to ask when evaluating factor products.

Factor-based strategies are often different, even when focused on the same factor. Here are four key questions to ask when evaluating factor products.

Read blog  

A how-to guide for evaluating equity factor products

Article

To help advisors conduct their due diligence on factor products, this brochure offers a handy checklist of product-related questions to consider as they look at product construction methodology and implementation, as well as the strategy behind multifactor products.

To help advisors conduct their due diligence on factor products, this guide offers a handy checklist of product-related questions to consider.

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 | 

  Read PDF

Expand your toolkit with factor-based strategies

Blog

Tom Rampulla explains how Vanguard’s low-cost, active factor ETFs represent an innovation to reflect client goals through factor exposure.

Tom Rampulla explains how Vanguard’s low-cost, active factor ETFs represent an innovation to reflect client goals through factor exposure.

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Expand your toolkit with factor-based strategies

Blog

Tom Rampulla explains how Vanguard’s low-cost, active factor ETFs represent an innovation to reflect client goals through factor exposure.

Tom Rampulla explains how Vanguard’s low-cost, active factor ETFs represent an innovation to reflect client goals through factor exposure.

Read blog  

How to use factor-based investing in client portfolios

Article

This research brief can help advisors understand how certain factors have performed over time, see our four different approaches to implementing factors and consider five key choices to make before choosing a factor-based product.

This research brief can help advisors understand how certain factors have performed over time. See our four different approaches to implementing factors.

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Options for achieving factor exposure

Article

Historically, factors have been targeted through traditional active mutual funds or style index funds and ETFs. Factor-based funds and ETFs now offer a new option. Use our concise guide to distinguish among the key attributes of factor-based investments.

Use this concise guide to distinguish among the key attributes of factor-based investments.

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 | 

  Read PDF