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Passing Shots

The Fifth Set Blog

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 »

Using the Fama/French Five Factor Model to Assess Actively Managed Fund Performance

A recent study conducted by Dimensional Fund Advisors assessed the performance of actively managed mutual funds by comparing fund performance to the performance predicted by the Fama/French five factor model.  The five-factor model tests fund performance based on their exposure to the market, value, size,  …read more »