VT News and Press, Vanguard Total World Stock Index From 07/21/21

Despite the arrival of ‘freedom day’ in the UK and the strength of other developed market economic recoveries, global equity market progress has been relatively muted in recent months. Should profits forecasts match expectations, markets could trade sideways as earnings ...

The top 10 largest US companies now represent over 27% of the S&P 500, with Apple and Microsoft at over 5% each. Is this a problem with market capitalization weighted indexes? We think the answer is 'no' for at least three reasons. For further details see: Are Market...

Monetary policy is effective at combating cyclical shortfalls - such as market instability following financial crises - but ineffective against structural shifts. After acting as “global inflation dampeners” for nearly two decades, China’s producers faced a perfec...

Map out your future spending and investing plans for life, and assume you will live to age 100. Design a strategy to avoid sequence-of-return risk. Envision multi-generational financial planning. For further details see: The Most Important Lesson I Learned After Retiring...

It appears as though the peak in U.S. financial market liquidity coupled with a stall in the global economy reopening due to the surge of COVID-19 cases is putting an end to the reflation trade and with it comes rising risk to the financial markets. There is no telling when this tempo...

The world economy has performed about as well as could be expected, if one takes as given the pandemic and the inadequate public health response. Global growth in 2020 was negative 3.3 per cent, which is very low historically. But the economic outlook is stronger now than one would ha...

Nearly 51% of manufacturing and service sector businesses report output to be same or higher than levels seen before COVID-19 outbreak. Manufacturers more likely than services firms to report a recovery in output. UK below global average, as China far outpaces the rest of the worl...

Global PMI signalled regional divergence deepening. Delta variant driven divergence aggravates as price pressures ease. Divergence in growth performance carries key risks, including for emerging market assets. For further details see: Delta Variant Spread Poses Key Risks...

Logistical bottlenecks, caused by disruptions to ports, shipping lines and domestic transportation, have lengthened delivery times and further weighed on the supply shortage in some regions. Ports in Europe and the west coast of the U.S. remain congested. Congestion has also incre...

VTI, which contains nearly 4,000 U.S. based companies, is already sufficiently diversified. Using VT to gain access to an international segment has minimal impact on diversification and actually decreases the quality of the portfolio. Even if investors insist on international dive...