The ECB’s quantitative easing program is bold, but will it help to restore growth? Fiscal policy needs to play a part, and structural reform remains urgent.
Read what our bloggers have to say about breaking economic news and market trends.
Looking at dispersion levels relative to previous years, the current environment is no more, no less challenging for active managers.
The economic boost from cheap oil, and wage and job market improvement, is likely to keep the Fed on course to raise rates later this year.
Vanguard Global Chief Economist Joe Davis looks back to see how Vanguard’s 2014 predictions panned out and lists the year’s biggest surprises. He also questions investors’ continued appetite for aggressive asset locations given increasing stock valuations and risk.
Vanguard’s Andy Clarke blogs on a lesson from an annual white elephant gift exchange that’ll be especially important for clients in years ahead: Managing expectations.
China’s real estate bust will limit growth there but is unlikely to trigger a global financial crisis.
Discipline in the face of short-term uncertainty is a key to investing success. Discipline is also something you and your clients can continue to count on from Vanguard. We’re committed to consistency.