We evaluate the performance of 51 mutual fund families based on a study of their diversified
US managed mutual funds over an 11-year-period and explore the determinants of …

ABSTRACT Is John Bogle right that Vanguard's index and managed funds are comparable
and by his example that investors should hold both? Each Vanguard managed fund …

Vanguard have chronically underperformed over the last few years, exposing conservative
investors to the worst risks of bear markets. But Vanguard knows investors who plunk money …

There is a great deal of literature exploring the merits of active management. With few
exceptions, the consensus has been (not surprisingly) that after fees, most active managers …

This chapter uses four alternative ways to evaluate mutual fund performance and rank the
domestic equity funds of three leading mutual fund companies: DFA, Fidelity, and Vanguard …

In many aspects, mutual funs resemble publicly traded corporations. Mutual fund shares are
distributed among a large number of small investors; and, small investors are usually …