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HomeHotlineIssuesNewsForumCorrelation ToolDan's Portfolio May 09, 2008
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Paying the Tax-Man
(05-07-2008) Those economic stimulus checks are going to come in mighty handy. Vanguard's money funds saw net outflows of more than $4 billion during the month. Presumably, tax bills came due, and after years of low levels of capital gains, investors suddenly had to pay the piper. [more on this article]

Tax-Efficiency or Outperformance?
(05-01-2008) I’ve said it for years: It isn’t tax-efficiency that investors should strive for, it’s after-tax returns. So just which Vanguard funds produce the best after-tax returns, and are they the same as the most tax-efficient funds? [more on this article]

Interview: View From Scotland
(05-01-2008) Though stationed in Edinburgh, Scotland, Edward Hocknell has amassed a terrific performance record investing far afield in emerging markets. He is one of 33 partners at Baillie Gifford, which has managed a piece of International Growth since February 2003. [more on this article]

Baillie Gifford to the Rescue
(04-11-2008) Whether it's capacity (Global Equity) or performance (Growth Equity), Scottish investment manager Baillie Gifford has been tapped to ride to the rescue on two Vanguard funds. [more on this article]

Global Rumble
(04-03-2008) Hot on the heels of its mega-competitor, Barclay's Global Investors, Vanguard is slated to introduce Global Stock Index  in both open-end and ETF configurations sometime this quarter. Barclay's iShares unit began trading a similar product on March 26. [more on this article]

March Supplemental Distributions
(03-06-2008) March is normally a month when many funds make quarterly income distributions. But it's also when funds that didn't pay out enough in December must, after the final accounting, make additional or supplemental distributions. [more on this article]

Interview: It Takes Time, Not Timing
(03-03-2008) I recently had a chance to speak with Selected Value’s Jim Barrow and Mark Giambrone, and they both agree that the current crisis on Wall Street needs time to run its course. Their insights are always valuable. Listen in. [more on this article]

GMO Is O-U-T
(02-27-2008) Grantham, Mayo, Van Otterloo, which managed U.S. Value and a piece of Explorer and Small Company Growth Annuity, has been fired by Vanguard’s board. In addition, Vanguard announced that International Growth is adding a third manager. [more on this article]

ETF Distribution Confusion
(01-16-2008) I’m a big fan of exchange-traded funds (ETFs). When I want to index a portion of a portfolio, I find ETFs to be the perfect solution—they’re low cost, easy to transact and have no hidden loads. [more on this article]

Recent Volatility and Fund Performance
(12-18-2007) There’s little question that the recent downdrafts in stock markets in the U.S. and abroad have had a substantial impact on both investor returns and psychology. But how much? [more on this article]

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