Best Blogs of the Week #244
Three excellent posts this week including a one-year post-mortem on the flash crash (Feels like many years ago).
Invesco – One Year Later– In the wake of last year’s volatility, many market participants pinned the blame on ill-conceived regulations and a lack of price visibility. Most agreed that something needed to be done to prevent another meltdown. One year later, has anything changed?
SSgA – 3 Reasons to Take a Look at Emerging Market Debt– But it’s important to understand that EM debt and EM equity are not the same. Over the past ten years, EM debt has more than doubled the return of EM equity, but with only one third the amount of volatility
Vanguard – 40 years of innovations in indexing – And the pitch for indexing wasn’t outperformance; it was to help investors minimize the cost of investing in a broad sense. If you think about it, not being broadly diversified has a cost, portfolio turnover generates transaction and tax costs, and, of course, active management advisory fees are a cost. Indexing hits at those headwinds straight on.
