Asset Allocation
Shifting World Order Forces Re-Evaluation of Portfolio Construction
Investors are adapting to repeated geopolitical disruption, even as economists caution against overreacting to short-term changes.
Tag: Vanguard
DOJ, FTC Side Against Largest Asset Managers in ESG-Related Coal Suit
BlackRock, State Street and Vanguard are accused of suppressing prices in the coal market, and the DOJ has weighed in.
Republican AGs File Suit Against Asset Managers Alleging Coal Repression Scheme
11 states filed a complaint against BlackRock, State Street and Vanguard for undermining publicly traded coal companies.
Corporate Moves
Vanguard Reopens Two Actively Managed Funds to All Investors
The Primecap and Primecap Core funds were closed to new investors in 2004 and 2009, respectively.
Research
Emerging Market Bonds, on a Roll, Should Do Even Better, Says Ned Davis
Firm commodities prices and expected EM growth are tailwinds, the research firm contends.
Newsmakers
Vanguard Appoints BlackRock’s Salim Ramji as New CEO
Ramji is Vanguard’s first external hire for the position.
Regulation
Anti-ESG Politics Affects Names More Than Strategies
While campaigns may have succeeded in shifting ESG naming conventions, their impact on actual investing strategies has been far more muted.
Corporate Moves
Mercer to Acquire Vanguard OCIO Business
Vanguard Institutional Advisory Services, its employees and clients will become part of Mercer next year.
Risk
OCIO Assets Plummeted With Markets in 2022, but Don’t Call It a Crisis
For the top 8, including Mercer and BlackRock, last year marked an unaccustomed reversal of fortune, a study by Charles Skorina found.
Regulation
Pensions, Asset Managers Broadly Support Tick-Size, Access Fee Updates
The SEC proposed reducing exchange access fees and pricing increments for tick-constrained symbols in December 2022.
Pensions
Corporate Pension Sponsors’ Use of OCIO Services Is Growing, While Interest in Risk Assets Wanes, Research Finds
Vanguard’s 2022 pension sponsor survey explores how the global pandemic, market volatility and rising inflation influenced pension decisionmaking.
Asset Allocation
Alternative Allocation Provides Asset Managers More Diversification
After the 60/40 portfolio failed to generate its usual stability in 2022, asset management firms suggest higher alternative asset allocations to achieve greater diversification.
Research
NBER Study Reviews Corporate Governance Implications of Indexing
As passive fund assets totaled $5.743 trillion in the U.S. in 2021, academic research explores how passive funds employ investment stewardship.
So When Will Stocks and Bonds Un-Link?
It’s a rarity for the two main asset classes, almost always negatively correlated, to perform a duet. Here’s what allocators can do about that.
Research
Gender Diversity on Company Boards Improves Due to Pressure from Big Three Asset Managers
An NBER study shows the push by Vanguard, BlackRock and State Street has rippled through corporate America.