Are there too many ETFs? Are they too niche in nature? We’ve seen it all before with mutual funds.
The case for indexing is predicated on the zero-sum game and the associated effects of costs, meaning that low- cost indexing should beat the average active manager over longer periods of time. However, sometimes investors may be better off with low-cost active choices.
Jim Rowley blogs about Dunn’s Law, an alternative explanation to dispersion as a contributing factor to active manager outperformance.
Much of the perceived difference between ETFs and mutual funds stems from strategy, not structure.
ETFs have become quite an investment force over the last several years; and during that time, Vanguard has developed quite a few thought leadership pieces on ETFs.
The onset of the holiday season has Jim Rowley thinking about giving back—in a cost-conscious fashion.
Want to limit all-in fees over the life of an ETF or mutual fund investment? The time horizon matters.