Articles (1,551)


Featured Article

DFA hard to buy, easy to own.

by Timothy Middleton
Wednesday, June 4, 2003

The latter is the professor-run hedge fund that imploded because the risks it was trying to avoid bit it in the backside. DFA, likewise run by a coven of finance professors, doesn't avoid risk-it relishes ...Read More


  • Broad Domestic Equity Indexes in May

    by Staff — Monday, June 2, 2003

    The Dow Jones Industrial Average rose 3.69% in May, closing at 8793.12. The Dow Jones Industrial Average is up 5.41% for the year, according to Dow Jones Indexes. ...Read More

  • Fidelity to Launch Nasdaq Composite ETF

    by Staff — Wednesday, May 28, 2003

    Yet another major player is set to enter the ETF industry. Earlier this week mutual fund giant Fidelity filed for its first exchange-traded fund that will track the Nasdaq Composite index. ...Read More

  • ETF Industry Poised for Next Round of Growth

    by Staff — Tuesday, May 27, 2003

    The exchange-traded fund universe is expanding - at last count growing to 135 ETFs trading in the U.S. with over $112 billion in assets under management. Likewise, in the coming weeks we'll be enhancing our ...Read More

  • Larry Swedroe

    A Mutual Fund to Drool Over

    by Larry Swedroe — Tuesday, May 27, 2003

    Bill Miller, the manager of the Legg Mason Value Trust fund, has managed to do what no other current manager has done - beat the S&P 500 index twelve years in a row. Surely that incredible feat cannot be ...Read More

  • S&P Active vs. Passive Study Focuses on Sector Funds

    by Staff — Wednesday, May 14, 2003

    Standard & Poor's released a study showing active sector fund managers have fared relatively well against sector indexes that track thin slices of the market over the past five years. However, over the last ...Read More

  • ETF Advisors to Close Its Treasury ETFs

    by Staff — Monday, April 21, 2003

    ETF Advisors announced it would close its four Treasury FITR funds: Treasury 1 FITR (TFT), Treasury 2 FITR (TOU), Treasury 5 FITR (TFI), and Treasury 10 FITR (TTE). ...Read More

  • S&P Reports Indexed Assets for 2002

    by Staff — Tuesday, April 15, 2003

    New York-based index provider Standard & Poor's released the results of its 2002 annual survey of assets linked directly to its domestic ...Read More

  • Emerging Markets iShares Begin Trading

    by Staff — Thursday, April 10, 2003

    The iShares MSCI Emerging Markets began trading today on the American Stock Exchange under the ticker EEM. The new exchange-traded fund, managed by Barclays Global Investors, is benchmarked to the MSCI ...Read More

  • S&P Reports Indexed Assets for 2002

    by Staff — Friday, April 4, 2003

    New York-based index provider Standard & Poor's released the results of its 2002 annual survey of assets linked directly to its domestic benchmarks. Based on the 2002 survey responses, S&P estimates that ...Read More

  • Domestic Indexes Make Some Gains in March

    by Staff — Wednesday, April 2, 2003

    The Dow Jones Industrial Average rose 4.29% in March, and is down 1.33% for the year, according to Dow Jones Indexes. Measuring Europe, the Dow Jones STOXX 50 index was up 3.26% for March, and is down 7.11% ...Read More

  • Larry Swedroe

    Balanced & Lifestyle Funds

    by Larry Swedroe — Monday, March 17, 2003

    One thing the mutual fund industry does well is to create a product and then create demand for that product, even when the product may not be one that is in the investors' best ...Read More

  • Domestic Indexes Fall Again in February

    by Staff — Monday, March 3, 2003

    The U.S. blue-chip Dow Jones Industrial Average fell 3.06% in February - the Dow is off 6.4% for the year. Measuring Europe, the Dow Jones STOXX 50 index was down 5.54% for February; year-to-date the index is ...Read More

  • ETF Assets Decline in January

    by Staff — Thursday, February 27, 2003

    The combined assets of the nation's exchange-traded funds (ETFs) were $95.66 billion in January, according to the Investment Company Institute, falling from a December 2002 high of over $102 billion. ...Read More

  • Investors overpay Magellan by $330 million

    by Paul B. Farrell — Friday, February 21, 2003

    Magellan's rationale for charging $330 million more than Vanguard's S&P 500 fund every year is simple: They provide active-management to enhance performance and beat the S&P 500. Here's how Magellan's manager ...Read More

  • How to Use the Data Section of

    by Staff — Thursday, February 20, 2003

    Since the performance data on this site was recently updated, we thought now might be a good time to post a primer on how to use the handy data tools and screeners on ...Read More

  • John Spence

    Interview with Barclays ETF Guru, Lee Kranefuss

    by John Spence — Tuesday, February 18, 2003

    Lee Kranefuss is the chief executive officer for Barclays Global Investors' Individual Investor and Exchange-Traded Products Business, where he is responsible for all of BGI's exchange-traded funds products as ...Read More

  • Interview with Gene Fama Jr.

    by David Chaplin — Saturday, February 1, 2003

    Gene Fama Jr. is vice president of Dimensional Fund Advisors (DFA), the funds management firm founded on the academic principles of diversification first articulated by his father, Eugene Fama, in the 1960s. ...Read More

  • Larry Swedroe

    It's Why They Call It The Equity "Risk" Premium

    by Larry Swedroe — Friday, January 31, 2003

    One of the most popular investment books of recent times was Dow 36,000: The New Strategy For Profiting From The Coming Rise In The Stock Market. The premise of the authors, James K. Glassman and Kevin A. ...Read More

  • John Spence

    Does Equity Indexing Have Hidden Risks?

    by John Spence — Wednesday, January 29, 2003

    Last week Standard & Poor's released its quarterly active vs. passive mutual fund scorecard with stark results: in most cases a majority of active funds have failed to beat their relevant index in the bear ...Read More

  • Dollar-Cost Averaging Small Amounts with ETFs

    by Staff — Wednesday, January 22, 2003

    Exchange-traded funds generally have lower expense ratios than comparable traditional index funds. However, since ETFs trade like stocks, investors must pay commissions every time they buy or sell ...Read More

  • Will McClatchy

    Financial Planning A La Carte

    by Will McClatchy — Thursday, January 16, 2003's second book, Index Funds - Strategies for Investment Success by Will McClatchy, recently hit the shelves. The book is designed as a guide for investors of all stripes who want to learn more ...Read More

  • John Spence

    Interview with John Bogle, Vanguard Group Founder

    by John Spence — Tuesday, January 7, 2003

    John Bogle heads the Bogle Financial Markets Research Center, a think-tank funded by Vanguard and located at the company headquarters in quiet Valley Forge, Pennsylvania. He is the founder of the Vanguard ...Read More

  • John Spence

    Barclays to Launch U.S. Fixed Income ETFs

    by John Spence — Saturday, January 4, 2003

    Barclays Global Investors (BGI) filed with the Securities and Exchange Commission (SEC) January 2 to launch five fixed income exchange-traded funds (ETFs) based on Lehman indexes: ...Read More

  • How Much International???

    by Frank Armstrong — Wednesday, December 25, 2002

    Many investors avoid international exposure in the mistaken belief that they are avoiding unnecessary risk. In fact, by failing to diversify cross border they actually substantially increase their risk. Token ...Read More

  • Strategy vs. Outcome

    by Frank Armstrong — Thursday, December 12, 2002

    Investing is a noisy process. In the short term, it is extremely difficult to distinguish between cause and effect. In the longer term, even with the best planning, wide variations in results must be expected. ...Read More

  • John Spence

    Interview with Morningstar's Peter Di Teresa

    by John Spence — Tuesday, December 10, 2002

    Peter Di Teresa is a consultant at Chicago-based Morningstar, Inc. Before moving on to a new role within Morningstar, he wrote the "Ask the Professor" column that frequently addressed issues concerning index ...Read More

  • More ETF Advantages - Diversification & Costs

    by J.D. Steinhilber — Thursday, December 5, 2002

    In a previous article we looked at the tax benefits of exchange-traded funds, as well as fund swap strategies to harvest portfolio losses. This time we continue on with more ETF ...Read More

  • ETF Tax Efficiency and Swapping Strategies

    by J.D. Steinhilber — Wednesday, November 20, 2002

    Exchange-traded funds are inherently more tax efficient than actively managed mutual funds, which have been rightly criticized for their tax-inefficiency. Tax-efficiency is a critical issue for advisors and ...Read More

  • Total Domestic ETF Assets Over $100 Billion

    by Staff — Tuesday, November 19, 2002

    There are currently 281 exchange-traded funds listed around the world, with over $140 billion in assets under management, according to a new report by Boston-based indexing giant State Street Global Advisors. ...Read More

  • John Spence

    A Look At the New Bond ETF Families

    by John Spence — Friday, November 15, 2002

    After years of development and regulatory hurdles, fixed-income ETFs have finally hit the market. San Francisco-based Barclays Global Investors beat ETF Advisors to the punch with a family of iShares tied to ...Read More

  • First ADR Index ETFs Begin Trading on Nasdaq

    by Staff — Wednesday, November 13, 2002

    Four new exchange-traded funds tied to Bank of New York American Depository Receipt (ADR) indexes began trading on the Nasdaq Exchange today. Called BLDRS, the new members of the ETF family will have expense ...Read More