Bonds have continued to flex the power of income. They not only provided stability during the tariff-related volatility, but returns have been solid. In the first half of 2025, broad fixed income indexes have returned between 4% and 7.25%, largely driven by income from higher coupons.

Companies are increasingly reaching substantial scale before entering public markets. This has renewed interest in how unusually large initial public offerings, or mega IPOs, enter stock market indexes and what their inclusion could mean for index fund investors.

New Vanguard research explores how timing, preparation, and communication affect inheritance outcomes.

Rising bond yields in 2026 may set the stage for stronger returns in 2027.