It’s hard not to notice the sibling rivalry going on in the investment industry. Mutual funds represent the long-standing status quo, and ETFs are the now not-so-young upstarts. But what matters the most is an investment’s strategy, not its wrapper.
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.
Want to limit all-in fees over the life of an ETF or mutual fund investment? The time horizon matters.
Typically stock markets function efficiently most of the time. But extreme market volatility can cause information lags that affect trade execution. Doug Yones offers tips on useful trading practices and reminds advisors why ETFs have grown so popular.
Jim Rowley tests theories underpinning factor-based investing and shows how big the divergences between them can be in practice.
Jim Rowley discusses the significant impact fair-value pricing could have on an ETF’s tracking error.