Vanguard’s Global Chief Economist Joe Davis discusses a shift in the fixed income market as artificial intelligence (AI) progresses and highlights the potential for active risk-taking in a higher interest rate environment over the next decade. This Q&A is one in a series featuring Davis’s research on megatrends and the future impact that AI can have on the U.S. economy and investors at large. For more insights, visit our Megatrends hub.

The choice between different index-weighting approaches can have an important portfolio impact in terms of sector and factor exposures.

It’s no secret that artificial intelligence (AI) is a pivotal force in the current technological transformation. But as Vanguard Global Chief Economist Joe Davis explains, it may not be wise to focus solely on tech stocks for investment outperformance.

As we reflect on the investment returns for 2024, it’s clear that the year provided strong returns for diversified, balanced investors who were able to tune out the noise.

Un fondo cotizado en bolsa (ETF por sus siglas en inglés) es un tipo de vehículo de inversión colectiva que cotiza y se negocia en una bolsa de valores tradicional. Al igual que las acciones, los ETFs pueden negociarse a lo largo del día. A diferencia de las acciones, los ETFs suelen tener como objetivo seguir la rentabilidad de una cesta de acciones y/o bonos, como los componentes de un índice. A continuación analizamos algunas de las implicaciones prácticas de los ETFs como vehículos de negociación.

Each month we bring you the latest insights from our Portfolio Solutions experts to help you address evolving issues that may affect your clients’ portfolios.

Our TDF threshold-based rebalancing methodology can generate higher annual returns with reduced transaction costs.

Germany’s economy—a powerhouse known for efficiency, skilled labor, and high-end manufactured exports—has struggled lately. Anemic growth could unfortunately be the norm in coming years, because of three structural challenges: an overreliance on external demand, unfavorable demographics, and stagnant productivity.

The U.S. economy has had a remarkable run—strong growth, full employment, moderating inflation, and solid market returns. In this short video, Vanguard Global Chief Economist Joe Davis discusses whether that momentum can continue in 2025.