Shining a light on opening auctions when trading ETFs
With the popularity of ETFs on the rise, trading volumes continue to beat records year over year. As a result, those of us on the Capital Markets desk are having numerous conversations about ETF structure and trading dynamics, with our goal being to help as many clients as possible achieve trading success through the best possible execution.
Tackling the tuition bill: Managing higher education expenses
An updated Financial Planning Perspectives examines how parents and students can make the best spending decisions.
Inflation, diversification, and the 60/40 portfolio
As inflation rises, so do the correlations of stock and bond returns. How much inflation would create an environment for positive correlations and diminished diversification in balanced portfolios? More than we expect to see.
A consistent approach to active fixed income
For most investors, fixed income should be the part of their portfolio they can rely on – the solid bedrock that delivers stability, in good times and bad. The importance of consistency applies as much to active fixed income as it does to bond index exposures, but how can active bond fund managers generate alpha from asset classes like global credit or emerging market bonds that investors can rely on?
On track for success? Insights from stochastic health care modeling
Models that incorporate health care cost uncertainty can benefit retirement planning.
Navigating the crossover bond market beyond the pandemic
Even now that crossover spreads have tightened and the opportunity set has narrowed, there are still some attractive segments and relative value plays to be seized.
Emerging Markets Fixed Income Commentary
A fresh concern over persistent inflation across the developed and emerging world, together with a more hawkish signal from the Fed soured sentiment and prompted a sell-off in EM HY has made the past month one of the more challenging periods for Emerging Markets in some time.
A likely China path: Lower but more sustainable growth
New research in Vanguard’s Megatrends series finds that, in our base case scenario, China’s economy becomes more consumption-oriented—and the world’s largest after mid-century.
The stock/bond correlation amid rising inflation: Increasing, but hardly a regime change
The diversification benefits of a balanced portfolio can persist, even at a time of increased inflation, according to new Vanguard research.
What to know about a potential U.S. debt default
A U.S. debt default, unlike a government shutdown, would be unprecedented, and Congress shouldn’t let it happen. Vanguard is well prepared nonetheless. Here’s how investors can be, too.
Managing and mitigating a pension plan’s impact on financial statements
U.S. pension plan sponsors have been using plan design changes, asset allocation changes, and liability transfers to offset the impact of pension volatility on their financial statements. Vanguard takes an in-depth look at how pension risk can affect corporate financials, and at the new trends in plan management.
A Tale of Two Paths: The Future of China
China’s response to significant domestic and international challenges could determine its long-term economic trajectory.
A Megatrends examination of global trade growth concludes that it will slow but not decline.
The inflation machine: How it works and where it’s going
Vanguard's baseline scenario using our 'inflation machine' is for a year-end core 2022 Consumer Price Index rate of 2.6%.