A Teddy Bear Market?
Putting the current bear market into context | Vanguard increases account statement fees
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Are ETFs More Tax Efficient? No.
ETFs have long been crowned more tax-friendly than mutual funds. That may be true across much of the industry, but not at Vanguard. Compare apples to apples, and there’s no difference from a tax standpoint between a Vanguard Admiral-class index fund and its ETF sibling.
RIABiz Twofer: ESG and QEG
Over the past few months, I've covered how Vanguard's ability to buy utility stocks was threatened by a coalition of attorney generals arguing that Vanguard wasn't as passive an investor as the index giant claimed—most recently here.
Vanguard was ultimately granted authorization to keep buying utility stocks, so the
WSJ | Vanguard Pays for Misleading Shareholders
I spoke with the Wall Street Journal about Finra slapping Vanguard on the wrist with an $800,000 fine.
Storm Clouds Clear | June 2023
Markets took the debt ceiling debate in stride, growth stocks beat value stocks and the municipal money market yield roller coaster slows. Plus, an article roundup and the IVA Factor Tracker.
Manager Merry-go-round
A deal on the debt ceiling | Vanguard fires itself | Wellington’s Abrams announces his retirement | Emerging Markets Select Stock picks up more managers | FINRA fines Vanguard
Avoiding Tax Bombs
Ignore a fund's turnover if you're trying to avoid a large capital gains distribution.
In Self-Demotion, Vanguard Picks Wellington Management
Vanguard fires itself from two multimanager funds.
Bumping Up Against Fiscal Reality
Debt ceiling update | First signs of market stress | Vanguard gets the message
Taxing Returns
Measuring the bite taxes take out of Vanguard fund returns.