Jeff DeMaso

482 posts

Weekly Brief

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

| 6 min read
IVA Research

PRIMECAP Finds Its Edge … Again

A strong 2025 reminds investors why patience with PRIMECAP still pays.

| 14 min read
Quick Take

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.

| 2 min read
Weekly Brief

Vanguard’s Filing Fumble & Cash Yield Cut

Government shutdown ends with stocks higher | An active ETFs filing fiasco | Cash Plus Account’s yield slips

| 5 min read
IVA Research

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.

| 11 min read
Quick Take

Too Good to Be True

Vanguard’s first active ETFs won’t carry the rock-bottom fees first advertised. A filing error, not a strategy shift—and a reminder that Vanguard’s tech still needs work.

| 1 min read