A collection of 6 posts

IVA Research

Complex Doesn’t Mean Better

FUNDS FOCUS — ALTERNATIVES | Explaining why you can pass on Vanguard’s two most complex funds—Market Neutral and Commodity Strategy.

| 13 min read
Quick Take

Bitcoin Loophole Closed

Vanguard has blocked purchases of ALL bitcoin-related ETFs.

| 1 min read
IVA Research

Restarting the Cycle

A reboot has served Global Capital Cycles well, but that doesn’t make it a winner.

| 6 min read
IVA Research

Location, Location, Location

I’m committed to owning a globally diversified portfolio. But does that require a foreign real estate fund?

| 14 min read
IVA Research

Revved Up Real Estate

Real estate has delivered stock-like returns but with far greater risk than you’d think, given the fundamentals. What’s an investor to do?

| 12 min read
Quick Take

Vanguard’s Active Managers Cry Uncle

Vanguard is throwing in the towel on two of its active strategies: Alternative Strategies (VASFX) and Managed Allocation (VPGDX). The firm hasn’t given up on active entirely, but this is a big admission that, as I’ve said many times, adding complexity doesn’t lead to better investment outcomes.

| 4 min read