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Portfolio construction

Helping build better portfolios for clients

Portfolio construction

Helping build better portfolios for clients

Active Fixed Income Perspectives: 4th quarter 2019

Risk speedometer: Risk deceleration

Article

Vanguard's risk speedometers are our unique lens on investor behavior. This monthly update looks at December 2018 cash-flow data.

Vanguard's risk speedometers are our unique lens on investor behavior. This monthly update looks at December 2018 cash-flow data.

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The six key components for choosing an index asset manager

Article

Whether you're evaluating your existing index asset managers, looking to hire an index asset manager, or simply performing due diligence, these are the six key components you should be focusing on before making your final decision.

Are all index asset managers the same? Learn what separates the best managers from the rest of the industry.

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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.

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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

The role of infrastructure in a portfolio

Whitepaper

An infrastructure overweight may be consistent with some investor goals, but we find that those same goals can often be met with investment options that are more broadly diversified by company and industry.

Overweighting infrastructure may help achieve some investor goals, but so can more diversified options.

  Read executive summary

 | 

  Read white paper

Our top 5 articles from the past year

Article

These five vanguard.com articles ranked as the most viewed by advisors during 2018.

What Vanguard articles did your peers find most valuable in 2018? Here are the top five.

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Risk speedometer: Continued pressure

Article

Vanguard's risk speedometers are our unique lens on investor behavior. This monthly update looks at November 2018 cash-flow data.

Vanguard's risk speedometers are our unique lens on investor behavior. This monthly update looks at November 2018 cash-flow data.

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Indexing's growth and market volatility: No connection found

Article

Is there a correlation between market volatility and the growth of index funds? Here's what Vanguard research found.

Is there a correlation between market volatility and the growth of index funds? Here's what Vanguard research found.

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Fed outlook for 2019: A pause is coming

Article

Vanguard Chief Economist Joe Davis sees the Federal Reserve ending this rate-hiking cycle at around 3% next year. The markets are forecasting less tightening.

Vanguard Chief Economist Joe Davis sees the Federal Reserve ending this rate-hiking cycle at around 3% next year. The markets are forecasting less tightening.

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Hidden risks within active fixed income funds

Article

Fixed income risks include interest rate, credit, downgrade, liquidity and leverage, Not all actively managed fixed income funds are as clear as they could be about the risks they take. Our simple table lists the significant drivers of fixed income risks and return.

Read this brief piece for an at-a-glance table that displays significant drivers of fixed income risks and return.

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Managing currency exposure

Article

While hedging exposure to foreign currency can reduce fixed income investing volatility, making good decisions about when and how to hedge can be an additional source of alpha, if the fund manager has the flexibility and sophistication to make it work.

Don't overlook the role of foreign currency as you evaluate global fixed income strategies for your clients.

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Rising exposure to BBB-rated securities

Article

Many advisors are worried about the growth of today's BBB investment-grade universe and whether those bonds will become the fallen angels of tomorrow. This article offers three ways to evaluate fixed income funds for your clients.

Many advisors are worried about the growth of today's BBB investment-grade universe. We look at three ways to evaluate fixed income funds for your clients.

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Our CIO talks expectations, interest rates, and blockchain

Article

An interview with Vanguard Chief Investment Officer Greg Davis about investment and economic conditions, investor expectations, and technology's effects on financial market efficiency and transparency.

An interview with Vanguard Chief Investment Officer Greg Davis.

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Risk Speedometer: A Noticeable Pullback

Article

Vanguard's risk speedometers are our unique lens on investor behavior. This monthly update looks at October 2018 cash-flow data.

Vanguard's risk speedometers are our unique lens on investor behavior. This monthly update looks at October 2018 cash-flow data.

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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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Access the credit premium in a globally diversified way

Article

Get the details on Vanguard Global Credit Bond Fund. This page provides an overview of the actively managed fund’s objective and investment approach. Use it to learn about the fund and access related resources and research.

Get the details on Vanguard Global Credit Bond Fund, our first globally diversified, actively managed bond fund available in the U.S.

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Watch the news before trading ETFs

Article

New data show that even routine macroeconomic news can affect bid-ask spreads on ETFs and demonstrate the need for advisors to use ETF trading best practices. This article provides an analysis of bid-ask spreads on one common ETF during a routine trading day.

New data show that even routine macroeconomic news can affect bid-ask spreads on ETFs and demonstrate the need for advisors to use ETF trading best practices.

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Active Fixed Income Perspectives: Headwinds for fixed income?

Article

In the new Vanguard Active Fixed Income Perspectives, Chris Alwine, global head of credit, and Paul Malloy, head of U.S. Municipals, discuss opportunities in investment-grade, structured finance, emerging markets, high-yield, and municipal bonds.

In Vanguard Active Fixed Income Perspectives, Vanguard leaders discuss the global bond markets and their positioning of Vanguard taxable and municipal funds.

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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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