Jeff DeMaso
471 posts
IVA MONTHLY RECAP | ’Tis the Season for Bad Forecasts
DECEMBER 2025 | A pullback, a rebound and a reminder to stay the course. Plus, Distributions Ahead, IVA Portfolio notes, the IVA Factor Tracker and a roundup of articles and analysis from the past month.
Perspective, Precision, and PRIMECAP
Putting the AI-led pullback in perspective | Ten new target-maturity bond ETFs | PRIMECAP’s new fee arrangement | PRIMECAP Odyssey distribution estimates
PRIMECAP Finds Its Edge … Again
A strong 2025 reminds investors why patience with PRIMECAP still pays.
Vanguard Joins the Bond Ladder Race
The fund giant files to launch 10 target-maturity corporate bond ETFs—finally entering a market led by iShares and Invesco.
Vanguard’s Filing Fumble & Cash Yield Cut
Government shutdown ends with stocks higher | An active ETFs filing fiasco | Cash Plus Account’s yield slips
Cheap, Clean, and Unproven: A Closer Look at Vanguard’s First Active Stock ETFs
The new Wellington-run ETFs offer competitive (but not standout) pricing and tax-friendly wrappers—but the strategies still need to earn their keep.