Vanguard CEO Salim Ramji’s annual letter to investor-owners celebrates disciplined, long-term investing—diversification, staying the course, and lower costs—plus new choice, advice, and digital improvements.

Bonds have shown notable resilience. Yields—near or above 4% across much of the market—continue to support returns.

Index investing was for a long time synonymous with tracking the S&P 500, “America’s index.” But as the golden anniversary of index fund investing approaches, the strategy is widely available across and within asset classes. Its appeal is evident: Indexing is an easy-to-understand, cost-effective strategy that can offer diversification, tax efficiency, and consistent performance relative to the results of the market.

The Middle East conflict continues to keep oil prices elevated, challenging central banks with stagflation risks.

The “Magnificent Seven.” It’s an understandable, memorable, and concise term, but its simplicity masks important distinctions. With the backdrop of strong U.S. stock market performance attributed to a handful of technology companies, the group’s run has fueled questions about market concentration. When we look more closely, we see a clutch of U.S. stock market leaders that are more diversified than some may think.

Global equity leadership may be broadening beyond U.S. tech. Attractive valuations are essential to the story.

Vanguard announced plans to execute forward share splits for five equity index ETFs. The share splits will be effective on April 21, 2026 and are intended to widen availability for investors by keeping share prices within accessible trading ranges.

Inside a personalized approach that accounts for appraisal-based valuations, active risk, and liquidity constraints.

A simpler tool for customization and goals-based planning