Jeff DeMaso

439 posts

IVA Research

Will Vanguard Active Funds Add ETF Shares?

MAILBAG | My take on the dual mutual fund–ETF share class structure.

| 13 min read
Monthly Recap

Why Vanguard’s One-Size-Fits-All Funds Are Finally Beating the S&P

JUNE 2025 | Foreign stocks power Vanguard’s one-size-fits-all funds. Plus, two Quick Takes, IVA Portfolio notes, Distributions Ahead, the IVA Factor Tracker and a roundup of articles and analysis from the past month.

| 17 min read
Weekly Brief

Watching Spreads, Not Headlines

Don’t trade headlines | Do junk bonds reflect recession?

| 4 min read
IVA Research

Do You Really Need “Private” Investments?

Just because you can invest in “alternative” or “private” investments doesn’t mean you should.

| 24 min read
Weekly Brief

Moody’s Moves, Muni ETFs Launch, and a Rejected Settlement

Moody’s downgrades U.S. debt | A budget bill works its way through Congress | Vanguard launches two muni bond ETFs | Target Retirement settlement gets rejected

| 8 min read
IVA Research

Do Low Brackets Mean Lesser Worries? And What Just Happened to Munis?

MAILBAG | Should low-tax bracket investors even worry about taxes? What the heck happened in the municipal bond market?

| 9 min read