Tue, 7 Oct 2014
There's more than meets the eye to CalPERS' decision to jettison hedge funds.
The switch from MSCI to FTSE and CRSP indexes for 22 Vanguard funds is all about three things, says Vanguard principal Joel Dickson: cost, cost, cost.
Vanguard's CIO says the fund shop is looking forward to the substantial long-term cost savings and price stability once it transitions to the FTSE and CRSP indexes, beginning next year.
Vanguard principal and ETF strategist Joel Dickson responds to worries that increased passive investing has led to more market volatility and that ETFs cause investors to gamble with their portfolios.
Although investors may remain broadly skeptical of equity markets, asset flow data suggest they could be taking more risk than expected in other asset classes.
The Vanguard founder says the kind of returns we've gotten in the past are not going to happen--period.
The Vanguard founder expects muted returns of less than 5% for stocks and 0% for bonds after inflation.
Morningstar's Dan Culloton sizes up the fund firm's top and bottom performers year-to-date, discusses CIO Gus Sauter's impending retirement, and more.
Most Vanguard funds delivered another solid year in 2013, but management changes and a shift out of its fund comfort zone are things to watch this year.
The views expressed do not necessarily represent the views of Acropolis Investment Management, LLC. or its members.
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