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Are ETFs regulated?
ETFs are becoming an increasingly popular investment vehicle. But are they covered by the same guidelines as mutual funds?
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Doing the math on international exposure
When it comes to our international benchmark switch to FTSE, it makes sense to carefully evaluate both exposures and costs. Because of differences in index construction you may want to own ETFs that...
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What causes ETF premiums and discounts (part 2)?
In my first video blog, I introduced the concept that premiums and discounts (P/Ds) in bond ETFs are largely a function of the respective pricing mechanisms for individual bonds and ETFs. This can be a...
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The “Vanguard effect” comes home
Over the past few years, U.S. investors have increasingly focused on the costs of investing—and investment providers have taken notice, particularly with respect to index funds and exchange-traded...
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Benchmark changes: When putting all your eggs in one basket might make sense
Recently, my colleague Fran did a wonderful blog post on some potential investment opportunities resulting from our pending change in non-U.S. equity benchmarks, addressing in particular those...
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Capital gains crazy season
I love fall in Pennsylvania. Leaves changing colors and falling from trees. The first frost. The full harvest moon. Capital gains distribution season. Not surprisingly, given recent market returns,...
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How should I evaluate active and index ETFs?
In this video, we discuss the process of assessing active management versus indexing management to evaluate active and index ETFs.
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Leadership at Vanguard and beyond
When I joined Vanguard—1985, for those keeping score—I found myself surrounded by a group of very bright, focused people who wanted to change the landscape for investors. The company was small then,...
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Fairly analyzing fair-value pricing
Remember what Obi-Wan Kenobi told a group of stormtroopers as they inquired about Luke Skywalker’s droids? These aren’t the droids you’re looking for. Obi-Wan may have used a Jedi mind trick to fool...
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Everything ETFs under one roof
Racing fans have the Daytona 500, film enthusiasts have the Oscars, and ETF investors have the InsideETFs conference, held last month in Florida. This year I had the honor of chairing the event, which...
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ETF fees: The war of fog
A Morningstar study reveals that the majority of ETF expense ratios have increased or stayed the same over the past few years.
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Yes, Virginia, ETF investors pay higher expense ratios than mutual fund...
ETFs more expensive than mutual funds? Strange but true, says Joel Dickson, who analyzed asset-weighted expense ratios.
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What would you say to investors who choose ETFs because of perceived lower...
In this video, Vanguard investment experts Joel Dickson and Jim Rowley discuss the perceived lower costs of exchange-traded funds.
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Premiums, discounts, and volatility
You might be aware that some ETFs—notably international stock and bond ETFs—seemed to have had “abnormal price volatility” in recent weeks. Market volatility can have an impact on all investment...
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What are the main costs associated with ETFs?
In this short video, Vanguard Senior Investment Strategist Joel Dickson and Senior Investment Analyst Jim Rowley discuss the role of costs in exchange-traded funds.
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Joel and Jim’s two-minute take on active ETFs
The use and construction of ETFs for active choices has blurred the lines of the traditional active/passive debate.
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ETF trading best practices: Limit, block, and call
We all learned in elementary school a simple reminder about fire safety: Stop, drop, and roll. There’s a similar way to think about safety with ETF trading: Limit, block, and call
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Just one thing (on taxes)
Capital gains distributions aren’t the be-all and end-all of tax efficiency. Tax efficiency is measured by your after-tax total return.
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Using ETFs to introduce clients to the benefits of low-cost investing
In this short video, Martha King, head of Vanguard U.S. Financial Intermediaries, explains why ETFs have been a great opportunity for advisors and gives her take on what's in store for the industry in...
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Introducing Vanguard’s new AlphaBet ETFs
Joel Dickson introduces AlphaBet ETFs: A "new" take on building portfolios.
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