IVA Research
A collection of 236 posts
PRIMECAP Still Won—But Taxes Took Their Cut
MAILBAG | Two decades of after-tax returns, and what the Discovery ETF could change for taxable investors.
Why I've Become More Open to Index Funds
MAILBAG | Have I abandoned active management in favor of index funds? The short answer is no, but my thinking has evolved. Here's where I stand.
Mid-Caps, Mixed Results
FUNDS FOCUS — MID-CAP GROWTH FUNDS | Mid-cap stocks have quietly outperformed over time. So why doesn’t Vanguard have a standout active fund?
Aggressive Investing Made Simple
FUNDS FOCUS—AGGRESSIVE GROWTH FUNDS | Small stocks still have a place in long-term portfolios—but investors don’t need complicated funds to own them.
Small Stocks Were Supposed to Win
Academic research says smaller companies should outperform over time. Thirty-five years of Vanguard fund returns tell a more complicated story.
The Factor Trap
Vanguard's factor ETFs promised market-beating returns. Eight years in, the results tell a different story.