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Passing Shots

The Fifth Set Blog

Topics: Asset Allocation, Efficient Market Hypothesis, ETF, Evidence-Based Investing, Index, Index Investing, Long-term investing, Portfolio Management, Uncategorized

The Coronavirus Market Meltdown Continues – Two Ways to Place the Volatility in Context

This morning global equity markets continued the recent volatility around the Coronavirus’ human and economic impacts.  As of this morning, the S&P 500 is trading down roughly 5% and since February 20th, 2020, the S&P is down roughly 17%.   The uncertainly around the virus and  …read more »

A Brief History of the Index Fund

On the 40th anniversary[1] of the launch of the First Index Investment Trust (now the Vanguard 500 Index Fund), it is interesting to note how the original premise of index funds has held up over time.  The premise that a low-cost, unmanaged fund, simply composed  …read more »

The “Problem” with Emerging Market Equities

Much has been made recently of the weak performance of Emerging Market (EM) equities both on an absolute and a relative basis.  As we can see in the following chart, through February 2, 2014, Emerging Market equities (as measured by the iShares MSCI Emerging Market  …read more »

EFT Fee War

An interview on the web site with author Larry Swedroe, a champion of passive investment strategies, discusses the fee war waging among the major ETF providers.  The interview is interesting for highlighting the current state of the ETF industry and how pricing pressure among  …read more »