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05-24-2012, 05:39 PM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,305
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Go Vanguard!!!
Not news to many here, but maybe for some newer members...
Quote:
Vanguard not only out front but now lapping the competition
Stock picking vs. indexing? Advisers may tout the virtues of active management, but investors are voting with their feet. And based on net inflows at Vanguard this year, this race isn't even close.
The Vanguard Group Inc., which is known primarily for its low-cost passive investments, had more than $65 billion of net inflows to its mutual funds and exchange-traded funds through the end of April, according to Morningstar Inc. That's almost quadruple the inflows of the next-best-selling fund group, Pacific Investment Management Co. LLC, which has more than $16.5 billion of inflows over the same time period. In fact, Vanguard's $65 billion of new investments this year account for 35% of the inflows for the entire industry.
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http://www.investmentnews.com/articl...FREE/120519953
And more detail on relative inflows (top of page 3)
http://corporate.morningstar.com/us/...owsmay2012.pdf
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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05-24-2012, 06:06 PM
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#2
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Thinks s/he gets paid by the post
Join Date: May 2008
Location: Cooksburg,PA
Posts: 1,874
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Thanks for something that us Mutual Fund junkies can sink our teeth into.
The fund flows update pdf is especially interesting. We can get that from M* monthly?
Vanguard trounces the competition.
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Free to canoe
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05-25-2012, 07:45 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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More good news for Vanguard account holders:
Quote:
vanguard.com: fund-announcement
__________________
Numbers is hard
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05-25-2012, 08:23 AM
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#4
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,726
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Quote:
Originally Posted by REWahoo
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They're dropping redemption and early redemption fees on lots of international funds. Is this a contrarian sign?
They're also dropping the minimums for three fixed income institutional class funds from $50M to only $5M. Seems like they'll let anybody in now - guess I'll have to look elsewhere for my fund options.
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05-25-2012, 09:01 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Does it break it down between MF flows and ETF flows? That's the really story I think........... A lot of the MF companies doen't have ETF funds, so that may be some of the large inflows, as ETFs are growing exponentially as opposed to MF..........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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05-25-2012, 09:59 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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Quote:
Originally Posted by FinanceDude
Does it break it down between MF flows and ETF flows? That's the really story I think........... A lot of the MF companies doen't have ETF funds, so that may be some of the large inflows, as ETFs are growing exponentially as opposed to MF..........
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But in a market saturated with ETFs, the fact that inflows still heavily favor Vanguard means something. To my knowledge, there isn't a vanguard ETF that doesn't have a similar (albeit crappier) alternative from another company. In fact, they were late to the game for a couple of the asset classes I invest in, and as a result I chose a competitors ETF product since Vanguard didn't have one available at the time.
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Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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05-25-2012, 10:51 AM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,674
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As VG approaches 0% ER in many Admiral funds, one wonders what will happen in the future. As a long time VG investor, I assume that they already have this "problem" resolved @ Valley Forge.
"Less is More."
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05-25-2012, 11:57 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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Quote:
Originally Posted by mickeyd
As VG approaches 0% ER in many Admiral funds, one wonders what will happen in the future.
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They'll make it up in volume.
__________________
Numbers is hard
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05-25-2012, 12:51 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Quote:
Originally Posted by FUEGO
But in a market saturated with ETFs, the fact that inflows still heavily favor Vanguard means something. To my knowledge, there isn't a vanguard ETF that doesn't have a similar (albeit crappier) alternative from another company. In fact, they were late to the game for a couple of the asset classes I invest in, and as a result I chose a competitors ETF product since Vanguard didn't have one available at the time.
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What I was getting at was wondering if the MF versus ETF flows were 50/50, 30/70, etc. VG is promoting the heck out of their ETF portfolios to small and large investors alike, even a big push to FAs........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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05-25-2012, 01:51 PM
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#10
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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I would think you might have double secret professional resources that could tell you MF versus ETF flows?
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05-26-2012, 05:45 AM
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#11
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Recycles dryer sheets
Join Date: Jul 2010
Posts: 127
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In a getover world,thanks Vanguard for doing the right thing.
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05-27-2012, 08:29 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
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Hello Michael - please can you explain your post below? I am not following you. Thank you.
Quote:
Originally Posted by MichaelB
They're dropping redemption and early redemption fees on lots of international funds. Is this a contrarian sign?
They're also dropping the minimums for three fixed income institutional class funds from $50M to only $5M. Seems like they'll let anybody in now - guess I'll have to look elsewhere for my fund options.
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__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
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05-27-2012, 08:44 AM
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#13
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,726
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Quote:
Originally Posted by obgyn65
Hello Michael - please can you explain your post below? I am not following you. Thank you.
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Oby, a contrarian sign is when one should do the opposite of what everyone else appears to be doing. EM and natural resource equity funds have fallen more in price than any other so far this year. People are selling their investments. Now, Vanguard eliminated early redemption fees on those funds, and probably more people will sell sooner. So I ask, is this a contrarian sign for investors? Should we be thinking about buying EM and PM instead of joining the lemmings selling.
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AWF & AGDCX are better than VWEHX
05-28-2012, 09:30 AM
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#14
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Recycles dryer sheets
Join Date: Nov 2008
Posts: 126
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AWF & AGDCX are better than VWEHX
AWF & AGDCX are better than VWEHX. Are there any other similar funds that anyone likes? I am curious to know.
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05-28-2012, 10:00 AM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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Quote:
Originally Posted by rsingh6675
AWF & AGDCX are better than VWEHX.
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Measured by what criteria? I am curious to know...
__________________
Numbers is hard
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05-28-2012, 10:10 AM
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#16
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,726
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Quote:
Originally Posted by rsingh6675
AWF & AGDCX are better than VWEHX. Are there any other similar funds that anyone likes? I am curious to know.
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AGDCX is a load fund. Here's the M* chart comparing it with VWEHX. Better is not obvious, but more expensive sure is. M* reports ERs are 1.65% vs 0.23%, favoring Vanguard. AWF is a closed end fund, no comparable to either and with a much different risk profile.
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05-28-2012, 11:12 AM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2006
Location: west coast, hi there!
Posts: 8,809
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Quote:
Originally Posted by MichaelB
Oby, a contrarian sign is when one should do the opposite of what everyone else appears to be doing. EM and natural resource equity funds have fallen more in price than any other so far this year. People are selling their investments. Now, Vanguard eliminated early redemption fees on those funds, and probably more people will sell sooner. So I ask, is this a contrarian sign for investors? Should we be thinking about buying EM and PM instead of joining the lemmings selling.
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Timing is always a tricky subject. EM and PM had a big run up in the last decade or so. Is this a return to the mean or something else? Also EM is dynamic in its makeup -- different countries have different problems not all at the same time.
I have no idea where this will go. That's why I chose to use something like the broad based international etf VEU (VFWIX as a fund) which has a 25% or so EM component. I trade between VEU and the large value US etf VTV. The trading is done very seldom but based on the return differentials over several months. Have been out of international since Oct 2011. When the differential returns start to reverse my international/US segment will be back in international. This is an attempt at risk reduction (currency plus equity changes) more then an attempt to beat the market. It has worked reasonably well over my period of study -- 1970 to date.
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05-28-2012, 12:42 PM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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05-28-2012, 01:15 PM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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Quote:
Originally Posted by MichaelB
Oby, a contrarian sign is when one should do the opposite of what everyone else appears to be doing. EM and natural resource equity funds have fallen more in price than any other so far this year. People are selling their investments. Now, Vanguard eliminated early redemption fees on those funds, and probably more people will sell sooner. So I ask, is this a contrarian sign for investors? Should we be thinking about buying EM and PM instead of joining the lemmings selling.
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VT - Vanguard Total World Stock Index ETF. With my few good stocks, deck chairs on the Titanic, mad money.
What the heck even the Europeans and Japanese will get right evenually.
Planet Earth is a pretty good index. If you are going to index -THEN INDEX!
Right?
heh heh heh - Target Retirement for my real money in retirement.
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05-30-2012, 04:02 AM
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#20
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Thinks s/he gets paid by the post
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
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Thank you for taking the time to explain. I have been learning a lot from this website, thanks to people like you.
Quote:
Originally Posted by MichaelB
Oby, a contrarian sign is when one should do the opposite of what everyone else appears to be doing. EM and natural resource equity funds have fallen more in price than any other so far this year. People are selling their investments. Now, Vanguard eliminated early redemption fees on those funds, and probably more people will sell sooner. So I ask, is this a contrarian sign for investors? Should we be thinking about buying EM and PM instead of joining the lemmings selling.
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__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
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