Sat, 27 Aug 2016
A prudent process, experienced team, and rock-bottom fees earn Vanguard Tax-Managed Balanced a Morningstar Analyst Rating of Gold.
We delve into first-half domestic-equity winners, fixed-income outflows, and what may be a brief reopening of a Gold-rated fund in the Vanguard lineup.
May flows data show investors are putting money to work in nontraditional fixed-income holdings, as well as emerging-markets equities, for perceived better returns.
The fund giant saw an executive-management shuffle, ultra-short- bond fund launch, new lower-touch advisory service, and continued inflow domination.
Vanguard's Ken Volpert cautions investors about a rise in short-term rates, and also offers his thoughts on the U.S. debt ceiling as well as Vanguard's TIPS, international- bond , and total bond market funds.
Passive equity funds, noncore bonds , alternatives, and many of the fund shops that sell them fared well last year, while core bonds , commodities, and gold suffered.
Fund flows during the first quarter revealed that investors moved from more defensive to higher-yielding bond funds , and flows into passive bond funds picked up.
As yields rose, both taxable- and municipal- bond funds saw record monthly redemptions in absolute terms in June.
The bond sell-off appears to have created opportunities for tax-free income, but selectivity counts.
With yields up and inflation tame, is this asset class still a must-own?
Munis have suffered big outflows recently, but not every Morningstar.com reader is convinced that selling is the right strategy.
How would our aggressive bucket portfolio have fared before, during, and after the bear market?
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