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Portfolio construction

Helping build better portfolios for clients

Portfolio construction

Helping build better portfolios for clients

Access the credit premium in a globally diversified way

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.

  Read article

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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Risk speedometer: A slight pickup

Article

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

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

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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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Unraveling a global active bond fund's return

Audio  |  Transcript available

In this 12-minute podcast, we discuss global active bond funds, the key factors that explain their return variations--including the role of foreign currency--and what you should consider before investing in them.

In this new podcast, we discuss global active bond funds, key factors that explain their return variations, and what to consider before investing in them.

  Listen to audiocast

 | 

  Read transcript

Infographic: Advocating for indexing's benefits

Article

Proving why it's a myth that indexing impacts price dispersion.

Debunking the myth that indexing impacts price dispersion.

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Investment stewardship at Vanguard

Article

Learn more about our advocacy, engagement, and voting activities via our new annual report and an interview with Investment Stewardship Officer Glenn Booraem.

Learn more about our advocacy, engagement, and voting activities via our new annual report and an interview with Investment Stewardship Officer Glenn Booraem.

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Emerging-market bonds: a fixed income asset with equity-like returns and risks

Whitepaper

Our research on emerging-market bonds finds that historically, they have performed more like equities than like bonds. Their effect on a portfolio has depended on which asset class is used to fund them.

Vanguard researchers analyze the historical impact of emerging market tilts for fixed income investors.

  Read executive summary

 | 

  Read white paper

Risk speedometer: Foot off the accelerator

Article

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

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

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Successful indexing is harder than it looks

Article

Low costs are a good starting point, but investors need more for success. Morningstar research recognizes Vanguard's people and process.

Morningstar research recognizes Vanguard's people, process, and low fee heritage.

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Vanguard ESG ETFs

Article

Get the details on our two new low-cost, broad-based, exclusionary-screened ESG ETFs. This page provides an overview of the ETFs’ objectives and investment approach. Access related resources and research on these environmental-, social-, and governance-focused ETFs.

Get details of and related resources for Vanguard ESG U.S. Stock ETF (ESGV) and Vanguard ESG International Stock ETF (VSGX).

  Read article

Rising rates have not meant poor stock returns

Article

Chief Economist Joe Davis looks at how investors might fare as the Fed continues to raise short-term interest rates. While many believe rising rates are a harbinger of poor stock returns, history tells us otherwise.

Chief Economist Joe Davis looks at how investors might fare as the Fed continues to raise short-term interest rates.

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The portfolio currency-hedging decision

Whitepaper

This paper presents a framework that puts the typical asset-class approach to currency hedging in a portfolio context. This approach makes clear that the hedging decision depends on the strategic asset allocation decision that aligns a portfolio’s performance with an investor’s objectives.

This research paper offers a framework that puts the typical asset-class approach to currency hedging in a portfolio context.

  Read executive summary

 | 

  Read white paper

Infographic: Three myths about indexing's effects

Article

It's a myth that investors only use index funds to track the market. Many also use them to build active portfolios.

Debunking the myth that investors only use index funds to track the market.

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Factor cyclicality: Buckle up; it could be quite a ride!

Blog

The performance variability of U.S. equity factor-driven funds can be a roller-coaster ride for investors.

The performance variability of U.S. equity factor-driven funds can be a roller-coaster ride for investors.

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The cost of not being fully diversified

Audio  |  Transcript available

In this 12-minute podcast, we analyze the cost and benefits of concentrated asset allocations versus taking a more diversified approach.

In this 12-minute podcast, we analyze the cost and benefits of concentrated asset allocations versus taking a more diversified approach.

  Listen to audiocast

 | 

  Read transcript

Vanguard Total World Bond ETF (BNDW)

Article

Get the details on Vanguard Total World Bond ETF. This page provides an overview of the ETF’s objective and investment approach. Use it to learn about the ETF and access related resources and research.

Get details of and related resources for Vanguard Total World Bond ETF (BNDW).

  Read article

ESG, SRI, and impact investing: A primer for decision-making

Whitepaper

Interest in environmental, social, and governance (ESG) investing has been growing, but the broad array of terms has produced investor confusion on what to do. Our new research is designed to help investors make informed decisions with both their time and capital.

Review a clear four-step process for environmental, social, and governance (ESG) investing to help clients establish specific goals and evaluate options.

  Read executive summary

 | 

  Read white paper

 

Series

Investment Commentary Podcast

A monthly audio series that addresses topical investment issues on the minds of your clients.