Tue, 7 Oct 2014
There's more than meets the eye to CalPERS' decision to jettison hedge funds.
Fears of past market crises have investors selling the category despite its wide margins of safety and outperformance over its blend and value counterparts, says Morningstar's Shannon Zimmerman.
Vanguard's chief economist, Joe Davis, cautions investors who turn to equities to replace bond income and also offers some vehicles for short- and long -term inflation protection.
Tuesday's election eliminated some uncertainty around health-care reform, but the market is still undervaluing several firms in the sector, say Morningstar's Alex Morozov and Matt Coffina.
The Vanguard founder says the kind of returns we've gotten in the past are not going to happen--period.
TIPS, real estate, and commodities are great inflation-hedging, liquid investments, says Morningstar's David Blanchett, who details the importance of exposure to these assets.
Morningstar ETF Invest Conference panelists discuss the similarities, differences, and appeal of these two strategies in today's low-growth, low-return, and high-volatility market.
U.S. investors are much more globally diversified than many investors abroad, but when it comes to fixed income, it pays to stay home, says Vanguard's Chris Philips.
The Vanguard founder expects muted returns of less than 5% for stocks and 0% for bonds after inflation.
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