Jeff DeMaso
439 posts
Calm Markets, Stormy Politics
SEPTEMBER 2025 | A quiet stretch for stocks and bonds, a noisy one in Washington. Also, Vanguard was fined—again. Plus, IVA Portfolio notes, Distributions Ahead, the IVA Factor Tracker and a roundup of articles and analysis from the past month.
Cut Rates, Concentrated Funds, and a Quiet Hire
Markets rally on the hope of lower interest rates | Sector funds are no longer diversified | Vanguard hired a head of private markets
Global Funds: Plenty of Options, Few Standouts
FUNDS FOCUS – GLOBAL STOCK FUNDS | Global stock funds promise the world—but at Vanguard, only a few are worth your trust.
Diversification’s Comeback—and Vanguard’s Active Turn
Diversification’s comeback | Vanguard plans three active ETFs in partnership with Wellington
The Risk That Hasn’t Paid: Currencies and Foreign Stock Funds
Over 35 years, taking on currency risk in foreign stock funds hasn’t paid. So why are most still unhedged?
New ETFs, Old Partner: Vanguard and Wellington Launch Active Lineup
Vanguard taps Wellington for its active ETF debut—name and all.