Insights

Iconic Report Supports Index Investing

Larry Swedroe reviews results from the new mid-year 2017 SPIVA scorecard. Since 2002, S&P Dow Jones Indices has published its S&P Indices Versus Active (SPIVA) scorecards, which compare the performance of actively managed equity mutual funds to their appropriate index benchmarks. The 2017 midyear scorecard includes 15 years of data. Equity Following are some of the highlights…

Vanguard Debunks Dividend Myth

A new Vanguard study found that a total-return approach is superior to one focused on dividend strategies. Larry Swedroe unpacks the research and explains the downside of a preference for dividends. Dividend strategies have drawn increasing interest from investors around the world as central banks have pursued both quantitative and qualitative easy monetary policies, keeping…

Parents: Don’t Sacrifice Yourselves on The Altar of Your Children’s Education

Tim Maurer in Forbes on parent student loans. Parents have sacrificed their financial futures on the altar of their children’s education. Fueled by easy federal money and self-interested colleges, the result is a student loan crisis that appears already to be eclipsing the catastrophic proportions of mortgage indebtedness leading up to the financial collapse of 2008….

Active Even Fails Institutions

Larry Swedroe unpacks new SPIVA data on institutional managed account performance. Vanguard founder John Bogle’s “cost matters hypothesis” explains why, after subtracting fees, returns from active management tend to be smaller than returns from passive management, as the latter costs less. However, retail investors tend to pay higher advisory and management fees than institutional investors….

Persistent Returns for Active Managers Remain Elusive

Outperforming active funds rarely manage to repeat their success. Larry Swedroe, Director of Research, The BAM Alliance Since 2002, S&P Dow Jones Indices has published its biannual S&P Indices Versus Active (SPIVA) scorecards, which compare the performance of actively managed equity funds to their appropriate index benchmarks. Its midyear reports focus on the question of…

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