Index Investor Issue Index

2008       2007       2006       2005       2004       2003       2002       2001       2000       1999       1998       1997      

2008

• January
  • Global Asset Class Returns
• February
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: Why Not Cleantech?; PTF for UK Investors?; Beinhocker's The Origin of Wealth
  • A Note from the Publisher
  • Global Asset Class Returns
  • Asset Class Valuation Update
  • Economic Update
  • What's Not in Our Model Portfolios, and Why
  • Product and Strategy Notes: To Time Markets, or Not?; Two of Our Favorite Writers; Research of Note and ETFs Claymore Shut Down
  • 2006-2007 Model Portfolios Update
  • 2007-2008 Benchmark Portfolios - All Currencies
• March
  • Global Asset Class Returns
  • This Month's Letters to the Editor: Value of Commodities in a Portfolio and Explaining Index Investor's Model Portfolio Generator
  • This Month's Issue: Key Points
  • Asset Class Valuation Update
  • The Supply of Alpha and the Returns from Active Management
  • Market Capitalization versus Fundamental Indexing: An Update
  • Product and Strategy Notes: Alpha Fees for Beta Returns; Those Who Fail to Learn from History and New ETFs (IFGL,WPS, IFAS, IFEU and IFNA)
  • 2007-2008 Benchmark Portfolios - All Currencies
• April
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: Legg Mason's Bill Miller and How Do We Treat Inflation in Our Portfolios?
  • Global Asset Class Returns
  • Asset Class Valuation Update
  • Investing in the Anglosphere: Who is the Fairest of Them All?
  • Product and Strategy Notes: New Products ICI, DBV, RYFOX, WIP, and WCWI; More Criticism of Private Equity and Search for Alpha

2007

• January
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: Commodities - Diversification Yield and Commodities Future Prices vs Commodities
  • Global Asset Class Returns
  • Asset Class Valuation Update
  • The Joys of Equal Weighting
  • January 2007 Economic Early Warning Indicators Update
  • Product and Strategy Notes: Four More "Active Indexes" from Claymore Securities; SEC Raises Bar for Investing in Hedge Funds; Financial Planning and Investor Behavior; and World Wealth Distribution
  • 2006-2007 Benchmark Portfolios - All Currencies
• February
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: Carry Trade; Research Links; ETF Based on Credit Derivative Index; Correlation of Asset Classes and Australia vs US Debt Levels
  • Global Asset Class Returns
  • Asset Class Valuation Update
  • Equity Based Compensation Plans and Asset Allocation
  • Economic Inequality in Western Countries: Causes and Consequences
  • Product and Strategy Notes: Equity Risk Premium; More Bad News for Hedge Funds Managers; Mutual Fund Performance; and One More Example Why Active Management is So Hard
  • 2006-2007 Benchmark Portfolios - All Currencies
• March
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: FT Articles: Commodity Index Funds' Future Contract Rollovers and VIX and Barclays' Water iShare
  • Global Asset Class Returns
  • Asset Class Valuation Update
  • Implementing Withdrawal and Savings Strategies
  • The Potential Benefits from MacroShares
  • Style Rotation With REITS
  • Product and Strategy Notes: Recent Research Reports and STILL more ETF Products
  • 2006-2007 Benchmark Portfolios - All Currencies
• April
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: Challenges of UK Investing and Differences in Retired Investor and Index Investor Model Portfolios
  • Global Asset Class Returns
  • Asset Class Valuation Update
  • April 2007 Economic Update
  • Becoming a Better Alpha Investor
  • Product and Strategy Notes: Global Capital Markets Portfolio, New Research on Asset Pricing Models and All Aboard the Private Equity Express!
  • 2006-2007 Benchmark Portfolios - All Currencies
• May
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: Model Portfolio Parameters and Transition Issues from Accumulation to Decummulation
  • Global Asset Class Returns
  • Asset Class Valuation Update
  • Why We Do Not Sleep Well These Days
  • Global Market Cap vs Equally Weighted Portfolios; Gee, What a Clever Idea!; Other Articles You Shouldn't Miss; and New Planning Software from Windham
  • 2006-2007 Benchmark Portfolios - All Currencies
• June
  • 2006-2007 Benchmark Portfolios - All Currencies
  • Asset Class Valuation Update
  • Product and Strategy Notes: Interesting Research Papers and New Products (VEU and RYMFX)
  • Whole Life Insurance As a Source of Uncorrelated Returns
  • Currency Exposure: A Risk to Be Hedged, a Source of Uncorrelated Returns, or Both?
  • Global Asset Class Returns
  • This Month's Letters to the Editor: Responses and Inquiries to "Why We Don't Sleep Well at Night?"
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: Responses and Inquiries to "Why We Don't Sleep Well at Night?"
• July
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: Shortcomings of Academic Research; "Black Swan" Event; and Taxable vs Tax-exempt Considerations to Whole Life Insurance
  • Global Asset Class Returns
  • Asset Class Valuation Update
  • Economic Update, June 2007
  • Asset Allocation and the Limits to Our Knowledge
  • Product and Strategy Notes: Sovereign Wealth Funds; Alternative Beta Funds; and Don't Miss This New Paper on Commodities
• September
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: How Do You Value Indexes?; How Does One Invest Now?; and Currency Overlay Strategies
  • Global Asset Class Returns
  • Asset Class Valuation Update
  • Should We Treat Art as a Separate Asset Class?
  • Jeremy Grantham's Case Against Private Equity
  • Estimating the Future Real Risk Free Interest Rate
  • Comments on the Recent Market Excitement
  • Product and Strategy Notes: Bad News for Technical Trading Rules; Investing in Emissions Certificates: An Update; More Evidence on Why Active Managers' Success is So Often Self-Defeating; Interesting New Products - For a Variety of Reasons; and Pension Plan Design and Retirement Saving Adequacy
  • 2006-2007 Benchmark Portfolios - All Currencies
• October
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: Why Plum Creek and Rayonier for the Timber Asset Class?
  • Global Asset Class Returns
  • Asset Class Valuation Update
  • September 2007 Economic Update
  • How to Raise Your Chances of Beating the Index
  • Product and Strategy Notes:An International Bond ETF for US Investors; New Research on Commercial Property as an Asset Class; A New Comparison of DFA and Vanguard; and Learning From Our Mistakes
  • 2006-2007 Model Portfolios Update
  • 2006-2007 Benchmark Portfolios - All Currencies
• November
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: What About 130/30 Funds? and Index Investor and Tactical Trading
  • Global Asset Class Returns
  • Asset Class Valuation Update
  • New Research on Investor Behavior
  • Thinking Clearly About Risk
  • Product and Strategy Notes: The US Housing Market; Three New Technical Papers; "Perform or Perish" - CEOs; and To CUT or Not to CUT
  • 2006-2007 Model Portfolios Update
  • 2006-2007 Benchmark Portfolios - All Currencies
• December
  • Global Asset Class Returns

2006

• January
  • A Note from the Publisher
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor:Volatility (Difference Between Futures Contracts and Realized Volatility) and How to Position Portfolios Under Different Crisis Situations
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • Forecasting
  • Product and Strategy Notes: Another Look at Avian Flu, Mervyn King's Speech (Governor Bank of England), New US Commodity ETF (DBC) and and Yale/Harvard
  • 2006-2007 Model Portfolios Update
• February
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: What Caused Changes to Weights in Model Portfolios and Why is Index Investor De-emphasizing Benchmark Portfolios?
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • Are Commodities Index Funds Overvalued?
  • Are Commercial Property Funds Overvalued?
  • 2006-2007 Model Portfolios Update
  • 2006-2007 Benchmark Portfolios
• March
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: Definitions of Return; Correlation of Commodities with other Asset Classes; Rebalancing vs. Winners/Losers; How Fall of Dollar Affects Different Currencies and Investments
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • March 2006 Economic Update
  • Rogers Int'l Comm Index TRAKRS; Active vs. Indexing (S&P and Morningstar) and US Residential Property Indexes
  • 2006-2007 Benchmark Portfolios
• April
  • A Note from our Publisher
  • This Month's Letters to the Editor: Indexing vs Active Management; Stop-Loss Orders; Commodities Feb Issue vs March Issue; MLM Commodity Index and Gold Tilt in Commodities
  • This Month's Issue: Key Points
  • Global Asset Class Returns
  • Asset Class Valuation Update
  • Is Timber Overvalued?
  • Do Sector Index Funds Make Sense?
  • New Lyxor ETF (Jeffries CRB Commodities Index); KKR's Private Equity LLP; Asset Risk Premiums; Windham Capital's Asset Allocation Software and Paper from Bank of International Settlements
  • 2006-2007 Benchmark Portfolios
• May
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: Convergent/Divergent Investment Strategy; EMN Funds vs Long/Short Equity Funds; Equity Market Neutral in Portfolios; YTD PCRDX Performance; Japan Overvalued?; Forecasting Volatility; Portfolios During Economic Downturn; Timber and Residential Property; Concentration of Swiss Equities in Swiss Portfolios; and Changing Asset Allocations
  • Global Asset Class Returns
  • Asset Class Valuation Update
  • What Happened to the Financial Markets in May?
  • Retail Financial Services Trends and Opportunities
  • Product and Strategy Notes: Technology and Active Management; Hedge Funds Update; and Update on H5N1
  • 2006-2007 Benchmark Portfolios
• June
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: Investing in Commodities/Legg Mason and Index Investor's Opinion on Leveraged Index Products
  • Global Asset Class Returns
  • Asset Class Valuation Update - Revised - Includes Property, Commodities and Volatility and Updates to Sector Rotation Watch
  • Fundamental and Dividend Weighted Indexes
  • Another Month, Another Crop of New Commodity Products
  • What Do Bond Spreads Tell Us?
  • Volatility is Up: So What?
  • When And How Should You Rebalance?
  • Economic Warning Indicators Update
  • Product and Strategy Notes: Depressing Dalbar Study; More 401(k) Fund Choice; Residential Propert: Is a Crash on the Horizon; Poor Man's Alpha; New RYDEX Foreign Currency ETF
• July
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: Products to Protect Principal - tied to an Equity Index
  • Global Asset Class Returns
  • Asset Class Valuation Update
  • The Exchange Traded Fund Market
  • Active Management and Risk Budgeting
  • Product and Strategy Notes: Why is the IMF Worried?; Asset Classes and Return Generating Process; It's Time for a Canadian Revolt; and How are Benchmark Indexes Chosen?
  • 2006-2007 Benchmark Portfolios - All Currencies
• August
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: Economic Impact on Index Investor Portfolios
  • Global Asset Class Returns
  • Asset Class Valuation Update
  • Uncertainty, Information and Active Management
  • Value Premium, R.I.P.?
  • Product and Strategy Notes: New Commodity ETFs; Why is the Distribution in Retirement Wealth So Wide?; Jackson Hole and Globalization; and On Money and Meaning
  • 2006-2007 Benchmark Portfolios - All Currencies
• September
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: Comparison of Equity Market Neutral Funds: HSGFX, JAMNX, ANGLX, OGNAX and RYMQX
  • Global Asset Class Returns
  • Asset Class Valuation Update
  • Key Conclusions from the IMF World Economic Outlook
  • Volatility: A Primer
  • Product and Strategy Notes: Private Equity Index Fund Registered; 3 Hedge Fund Studies; New Actively Managed ETFs; IMF - Future Commodity Prices;
• November
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: "What is a Market Index? - GCMI?"
  • Global Asset Class Returns
  • Asset Class Valuation Update
  • Climate Change and Asset Allocation
  • Other Sources of Deep Systemic Risk
  • Market Microstructure: A Key to Volatility, Liquidity and Correlation Risk
  • Recent Research on Investor Decision Making
  • Product and Strategy Notes: BIS Endorses Euro as Reserve Currency, Canadian Income Trusts, "Infrastructure", and US Investors - International Commercial Property Exposure Option
  • 2006-2007 Benchmark Portfolios - All Currencies
• December
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: How do you Invest in Australian and Canadian Real Return Bonds? and Index Investors' vs Efficient Frontier's Position on Commodities
  • Global Asset Class Returns
  • Asset Class Valuation Update
  • Longevity Risk
  • Private Equity Update
  • Product and Strategy Notes: Harry Kat's Papers; Energy Master Limited Partnerships; Momentum Investing; Concentrated Portfolio - Skilled Active Management?; Residential Rent/Price Ratio; and the Right Ex-Ante Equity Risk Premium
  • 2006-2007 Benchmark Portfolios - All Currencies

2005

• January
  • This Month's Issue: Key Points
  • This Month's Letter(s) to the Editor: Investing if Indexing is No Longer Viable; Emerging Market Debt Correlations
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • Socially Responsible Investing
  • Product and Strategy Notes: Fund Changes; SPIVA; US Housing Bubble?; Art as an Asset Class; Hedge Funds and Bob Arnott
  • Model Portfolio Update
• February
  • This Month's Issue: Key Points
  • This Month's Letter(s) to the Editor: Correlation of Investment Returns to GDPs
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • Academic Research Review: Should You be a Momentum Investor?
  • Consumer Reports is Wrong
  • Model Portfolio Update
• March
  • This Month's Issue: Key Points
  • This Month's Letter(s) to the Editor: Market Timing with Asset Classes Overvalued, MITTS, and Variable Annuities
  • Readers' Forum: Follow Up to Last Month's Consumer Reports Article
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • Economic Update: Semi-Annual March 2005
  • Commodity Index Returns: A Deeper Look
  • The Equally Weighted Portfolio: Pros and Cons
  • Model Portfolio Update
• April
  • This Month's Issue: Key Points
  • This Month's Letter(s) to the Editor: Evergreen Foreign Currency Index Certifcates, Index Linked Bonds, and TIPS vs Short-Term Nominal Return Gov't Bonds
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • 2005 Asset Allocation Review: Key Issues
  • Product and Strategy Notes: Lifecycle Funds, MSCI's New Global Capital Market Index, Regulatory Action, On the Commercial Property Front
  • Financial Humor From Hesh: The Cloning of Warren Buffet
• May
  • This Month's Issue: Key Points
  • This Month's Letter(s) to the Editor: Siegel's Book- The Future for Investors; Alternatives for UK Commodities Index; "Pure" Passive Investing:
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • Are Equity Markets Overvalued Today?
  • Portfolios
• June
  • This Month's Issue: Key Points
  • This Month's Letter to the Editor: Separating Alpha from Beta
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • Timber as an Asset Class
  • Equity Volatility as an Asset Class
  • Economic Warning Indicators: An Update
  • Product and Strategy Notes: Virgin - Superannuation in AUS, US MICRO ETFs on the Way, New Real Return Product for Eurozone and US, New PIMCO Fund Linked to Arnott Index, Bad News for Active UK and Eurozone Investors
• July
  • This Month's Issue: Key Points
  • This Month's Letter to the Editor: T.Rowe Price and Oppenheimer International Bond Funds (Alternatives) and Schwab One Source for II's Model Portfolios
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • Should You Be in Hedge Funds and Private Equity?
  • Product and Strategy Notes: New Commodity Index Product, Competition for DFA, New Rydex Hedge-Type Fund, Cost of Active Management, Latest S&P SPIVA's Report and New Bridgewater "All Weather Funds" in Australia
• August
  • This Month's Issue: Key Points
  • This Month's Letter to the Editor: Equity Market Neutral Hedge Funds vs Index Investing
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • Investing in Foreign Currency Bonds
  • Does Foreign Commercial Property Belong in Your Portfolio?
  • What are "Portable Alpha" and "Enhanced Indexing"?
• September
  • This Month's Issue: Key Points
  • This Month's Letter to the Editor: Convertible Bonds, Defined Pension/Social Security and Siegel's Paradox
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • Economic Update: Semi-Annual September 2005
  • Product and Strategy Notes: Oil ETF vs. Commodity Indexes, Reader Comments: Everbank Minimums, USDX, VSTOXX vs. VIX, IPOX-30; and Canada (Active vs. Passive)
• October
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor: Fed Chairman Bernanke; Is My FA Generating Alpha?; and New iShares in the UK
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • Uncertainty
  • Updated Asset Class Assumptions and Evaluations
• November
  • This Month's Issue: Key Points
  • This Month's Letters to the Editor:What Constitutes High Inflation? and YTD Return on Real Return Bonds vs. Current Real Rate of Interest?
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • New Model Portfolios for 2006 - 2007
• December
  • This Month's Issue: Key Points
  • The Financial Times Shares Our Skepticism About Private Equity
  • December, 2005 Quarterly Warning Indicators Update
  • This Month's Letters to the Editor:MVO-Geometric Return, II's Rebalancing Method, Broad Hedge Fund to Equity Market Neutral, Funds for Foreign Commerical Property and Correction to Oct 05 Issue
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • Asset Allocation: Uncertain Distributions, Additional Constraints, and BXM
  • The Uses and Misuses of Subsector Index ETFs
  • Did the IRS Just Kill Commodity Index Funds?
  • And What's Up with Canadian Income Trusts?
  • New Products Based on Bob Arnott's Fundamental Indexing Theory

2004

• January
  • Model Portfolio Update
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • This Month's Letter to the Editor: Frequency of Changing Asset Allocations in Index Investor's Model Portfolios
  • Using Hedge Funds in Our Target Return Portfolios
  • Product and Strategy Notes: Hedge Fund Indexes Compared; New S&P 1500 ETF and Funds to Implement Model Portfolios
• February
  • Model Portfolio Update
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • This Month's Letter to the Editor: Changes to one's portfolio - over time or all at once?
  • Annual Research Review Part One: Has the Death of Efficient Markets Theory Killed Indexing Too?
  • Annual Research Review Part Two: Product and Strategy Implications
• March
  • Model Portfolio Update
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • This Month's Letter to the Editor: Commodity Funds with Timber and Alternatives
  • Economic Update
  • Product and Strategy Notes: Commodity Fund Fees, Retail Hedge Fund Products and New ETFs in USA
• April
  • Model Portfolio Update
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • This Month's Letter to the Editor: Opinion of Asset Allocation Calculators via Websites
  • Saving for College - Choosing the Best Vehicle
  • 529 Plan Asset Allocation Issues
• May
  • Model Portfolio Update
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • This Month's Letter to the Editor: Tilts to Small Value Stocks in US - Which Funds?
  • Global Aging and Asset Class Returns
  • Product and Strategy Notes: Lifecycle Funds, Private Equity Mutual Funds and Sector/Style Rotation Watch
• June
  • Model Portfolio Update
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • This Month's Letter to the Editor: Trade-off Between Index Mutual Funds and Index Exchange Traded Funds
  • Should You Tilt Toward Small Cap Equities?
  • Product and Strategy Notes: What is Active Indexing, News for Commodities Asset Class, SEC Investigation and Three New Fixed Income Funds
  • Asset Class Valuation Update - Revised - Includes Property, Commodities and Volatility and Updates to Sector Rotation Watch
  • Fundamental and Dividend Weighted Indexes
  • Another Month, Another Crop of New Commodity Products
  • What Do Bond Spreads Tell Us?
• July
  • Model Portfolio Update
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • This Month's Letters to the Editor: Equal vs Market Capitalization Based Index Weighting
  • Who Is the Real Fool?
  • The Summer Financial Humor Column: "Irreconcilable Differences"
  • Product and Strategy Notes: SSgA Passes Fidelity, Research - Active Management, Insufficent Saving for Retirement, Dismal Long-Term Performance, Two Canadian Commodity Index Products
• August
  • Model Portfolio Update
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • This Month's Letter to the Editor: Asset Allocation - Terrorist Attacks and Catastrophic Occurence
  • Research Roundup: Making the Case for Active Management
  • Product and Strategy Notes: More Active Index ETFs, Planners vs. Brokers, New Morningstar Index Funds, Index Reconstruction Losses and Why No Ads for Index Investor?
• September
  • Model Portfolio Update
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • This Month's Letter to the Editor: Hedge Funds in Portfolios
  • Semi-Annual Global Economic Update
  • Hesh Reinfeld: Forecasting Marital Compatibility
• October
  • This Month's Issue: Key Points
  • This Month's Letter to the Editor: Why Not the NASDAQ 100 Index Funds?
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • Should You Tilt Toward Mid-Cap Equities?
  • How Big is the Global Market Portfolio?
  • Ask the Financial Advisor: Long Term Tax Strategies
  • Model Portfolio Update
• November
  • This Month's Issue: Key Points
  • This Month's Letter to the Editor: Weighting of Commodities in Model Portfolios
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • DFA versus Vanguard: The All-Stars Compared
  • Model Portfolio Update
  • Product and Strategy Notes: Gold ETF, ETF Tracking Error, Hussman Funds and Economic Indicators Update
• December
  • This Month's Issue: Key Points
  • This Month's Letter(s) to the Editor: Rogers Raw Materials, Global Comm Prop Index and DFA/Vanguard Comments
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • Investing in Debt Markets
  • Model Portfolio Update
  • Financial Humor From Hesh: The Ultimate Collectible

2003

• January
  • Model Portfolio Update
  • Equity Market Valuation Update
  • New Pricing Model at Index Investor
  • What Do You Want Us to Write About This Year?
  • Another Report on Performance Persistence
  • We Need More Prudent Experts
• February
  • Global Asset Class Returns
  • Model Portfolio Update
  • Equity Market Valuation Update
  • Product and Strategy Notes
  • Semi-Annual Review of Academic Research
• March
  • Model Portfolio Update
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • Mutual Funds' Sales, Operating and Trading Costs
  • Asset Location and Tax Efficiency
  • Why Are Actively Managed Funds Still So Popular?
• April
  • Model Portfolio Update
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • UK Recommends Sharp Cutbacks in Bundled and Soft Commissions
  • SEC Settles Conflict of Interest Charges
  • Three More Studies Highlighting Indexing's Advantages
• May
  • Model Portfolio Update
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • The Economic Outlook: May 2003
  • Asset Allocation Update - Part I
• June
  • Model Portfolio Update
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • Asset Allocation Update - Part 2
• July
  • Model Portfolio Update
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • Product and Strategy Notes
  • Answers to Recent Subscriber Questions
  • Model Portfolios Based on Expected Future Returns
• August
  • Model Portfolio Update
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • Product and Strategy Notes
  • The Confusing World of Factor Models
  • Asset Allocation Review: Dealing with Uncertainty
• September
  • Model Portfolio Update
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • Updated Economic Outlook
  • Labor Income Uncertainty, Residential Real Estate, and Asset Allocation
• October
  • Model Portfolio Update
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • The Case for Active Management
  • Portfolio Tilts and Home Bias
  • And Onto Foreign Currency Bonds (Again)
  • Asset Allocation Comparisons
• November
  • Model Portfolio Update
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • How Often Should You Review and Rebalance Your Portfolio?
  • Delivering Superior Returns: the CEO's Perspective
  • Retail Hedge Fund Index Products Finally Arrive
• December
  • Model Portfolio Update
  • Global Asset Class Returns
  • Equity Market Valuation Update
  • Long Term Model Portfolio Performance Review
  • Product and Strategy Notes

2002

• January
  • $list
  • The New Site is Here!
  • Model Portfolio Update
  • Indexing Around the World
  • Active Management: How Important is Luck?
• February
  • Model Portfolio Update
  • Is the Average Investor a Good Asset Allocator?
  • Should you be an Active Investor?
• March
  • Model Portfolio Update
  • Asset Class Review
  • The Good, the Bad and the True Believers
  • Why Don't More People Use Index Funds?
• April
  • Model Portfolio Update
  • Morningstar Rating change Should Benefit Index Funds
  • Eliot Spitzer = Eliot Ness?
  • How Often Should You Review Your Portfolio's Performance?
  • Should You Use a Financial Planner?
  • Are Hedge Funds for You?
• May
  • Model Portfolio Update
  • How Much Should I Save For Retirement?
  • The Rising Cost of Feeling Middle Class
  • Managing Your Family's Financial Risks
• June
  • Model Portfolio Update
  • The Economic Outlook: An Update
  • Are Equity Markets Overvalued?
• July
  • Model Portfolio Update
  • The Sandler Review
  • Financial Research Roundup
  • Equity Market Valuation Update
• August
  • Model Portfolio Update
  • Economic Outlook
  • Equity Market Valuation Update
  • More Support for Indexing
  • Asset Classes Versus Tilts
  • Models Aren't Perfect for Many Reasons
  • Using ETFs In Our Model Portfolios
  • A Final Note
• September
  • Model Portfolio Update
  • Five Year Model Portfolio Perfomance Review
  • Economic Outlook
  • Equity Market Valuation Update
  • Should You Invest in "Value Indexes"?
• October
  • Model Portfolio Update
  • Equity Market Valuation Update
  • Forecasting Growth Rates: Another Challenge for Active Managers
  • Life Insurance As An Asset Class
• November
  • Model Portfolio Update
  • Equity Market Valuation Update
  • Are We Headed Toward Global Deflation?
  • The Financial Scandal No One Wants to Talk About
• December
  • Model Portfolio Update
  • Equity Market Valuation Update
  • Historical Asset Class Return
  • Future Class Returns
  • Why Asset Allocation is Still A Challenge
  • So Where Does This Leave Us?
  • So How Big is the Indexing Market in the United States?

2001

• January
  • New Benchmarks and Portfolios for 2001
  • Performance Update
  • How Monte Carlo Simulation Can Help You Make Better Asset Allocation Decisions
  • High/Medium/Low risk Portfolio Performance
  • Target Return Portfolios ( Highest Probability/Lowest Risk)
• February
  • Recommended Portfolio Performance
  • The New S&P Global 100 Index
  • In Depth: Questions for Active Managers
• March
  • Recommended Portfolio Performance
  • Update on Our Active Management Experiment
  • What is Free Floating Indexing?
  • What is a Hedge Fund?
  • Does Indexing Work in a Bear Market?
  • Asset Allocation: A Primer
• April
  • Recommended Portfolio Performance
  • In Depth: Investing In Real Estate
  • Real Estate Index Funds
• May
  • Performance Update
  • Real Estate, Liquidity Traps, and Announcements
  • In Focus: Style Investing
• June
  • Performance Update
  • Fund Performance and Fees
  • In Focus: Sector Tilts
• July
  • Performance Update
  • Uses and Abuses of Country Funds and ETFs
  • In Focus: Country Tilts
• August
  • Recommended Portfolio Performance
  • Strategy and Announcements
  • Combining Sector and Country Tilts
• September
  • Model Portfolios Update
  • Bond Market Tilts
  • Funds for Bond Market Tilts
• October
  • Get Ready for Our New Site
  • Recommended Portfolio Performance
  • In Focus: Downside Risk
  • "Enhanced" Index Funds
  • October 2001 Performance
• November
  • Get Ready for the New Site
  • Enron and Active Investment Management
  • Recommended Portfolio Performance
  • Model Portfolio Rebalancing Issues
  • Model Portfolios for 2002
• December
  • Get Ready for Our New Site
  • Model Portfolio Performance Update
  • Economic Scenarios for 2002
  • In Focus: Momentum Investing

2000

• January
  • Recommended Portfolio Performance
  • 1999 Asset Class Winners and Losers
  • The Year of Technology
  • The Future of Indexing
• February
  • Recommended Portfolio Performance
  • New Indices: Fortune 500 Index and "e-50" Index
  • Annual Review of Portfolio Weights
• March
  • Recommended Portfolio Performance
  • Hedging Exposure to an Overvalued Market (Part 1)
  • Is the Market Overvalued?
• April
  • Recommended Portfolio Performance
  • Hedging Exposure to an Overvalued Market (Part 2)
  • Why Do Investors Get Surprised?
• May
  • Introduction
  • Recommended Portfolio Performance
  • Exchange Traded Funds
  • Market Capitalization Weighting
• June
  • Recommended Portfolio Performance
  • iShares (Exchange Traded Funds)
  • Saving for College
• July
  • Recommended Portfolio Performance
  • Choosing an Index for an Asset Class
  • Psychology and Investing: New Research Findings
• August
  • Recommended Portfolio Performance
  • Indexes based on Growth and Value
  • Information Flows and Group Investing Behavior
• September
  • Recommended Portfolio Performance
  • Sector Based Indexes
  • Market Structure and Behavior
• October
  • Recommended Portfolio Performance
  • The New Equity Market Dynamics
  • Sizes, Styles and Sectors, Oh My!
• November
  • Recommended Portfolio Performance
  • Rebalancing Issues
  • Rebalanced Portfolios
• December
  • Year End Performance Review
  • International Bond Funds Revisited
  • Commentary: 2001 Scenarios

1999

• January
  • 1998 Market Performance
  • New S&P Sector SPDRS
  • New "Wired Index
  • European Portfolio Insurance
• February
  • 1999 Asset Class Allocation
  • 1999 Index Fund Portfolios
  • Return vs. Risk Revisited (Alternative 1999 Portfolios)
  • Return vs. Risk Revisited (Alternative 1999 Portfolios) Continued
  • New Wilshire 5000 Fund
• March
  • History of Index Funds
  • 1999 Index Fund Portfolios
  • New WorldWide Index Funds
  • New Vanguard Tax-Managed Small Cap Fund
• April
  • First Quarter 1999
  • Optimizers: Pros and Cons
  • Mutual Fund Expense Controversy
  • Investing in Internet Stocks
• May
  • Diversified Portfolios Improve
  • Asset Allocation Controversy Continues
  • Are Small-Caps Cheap?
  • New Schwab Total Stock Market Index Fund
• June
  • Recommended Portfolio Performance
  • Does International Investing Reduce Portfolio Risk?
  • Are Mid-Caps Cheap?
  • Vanguard Cost Advantage Increases
• July
  • Recommended Portfolio Performance
  • Low Cost is Best Predictor of High Performance
  • Indexing Has Saved Investors over $100 Billion
  • New Barclays Index Securities
  • New Fidelity Four-in-One Index Fund
• August
  • Options For Measuring Risk vs. Return
  • Index Investor Risk vs. Return Approach
  • New Internet Index Fund
  • New Israel Index Fund
• September
  • Recommended Portfolio Performance
  • Pre-Packaged Index Portfolios
  • "Core+Explore" Investing
  • New Vanguard Tax-Managed International Fund
• October
  • Recommended Portfolio Performance
  • Dow Jones Global Titans Index
  • "Global Titans" Investment Vehicles
  • New E*Trade Index Funds
• November
  • Recommended Portfolio Performance
  • CSRP vs. Russell Indexes
  • Bridgeway Ultra-Small Index Fund
  • Dow Jones Industrial Index Goes High-Tech
• December
  • Recommended Portfolio Performance
  • Mutual Fund Cost Calculators
  • Technology Fund Momentum
  • New E*Trade Index Funds
  • New American Express Index Funds

1998

• January
  • 1997 Stock Performance
  • S&P vs Actively Managed Funds
  • What should we buy?
  • 1997 Performance
  • New Funds for January
• February
  • Portfolio Rebalancing: Pros and Cons
  • Building the 1998 Portfolios
  • 1998 vs. 1997 Portfolios
  • Backtesting the 1998 Portfolios
  • Index Fund Growth
• March
  • Minimising Tracking Error
  • How Well Do Our Funds Track?
  • Spotlight: The Oppenheimer Real Asset Fund
  • New T. Rowe Price Index Funds
• April
  • S&P 500 Domination Continues
  • Should We Continue to Diversify?
  • Spotlight: The Wilshire Target Funds
  • New Dreyfus Index Funds
• May
  • Low-Expense Funds Deliver Highest Returns
  • Index Funds Have the Lowest Expenses
  • Spotlight: The T. Rowe Price International Bond Fund
  • New Vanguard Index Funds
  • Wilshire vs. Vanguard
• June
  • Index Stocks vs. Index Funds
  • Spiders and Diamonds
  • WEBS
  • New Dow Jones Industrials Index Fund
• July
  • First Half 1998 Results
  • Dogs of the Dow Strategy
  • Investing in Dogs of the Dow
• August
  • The Bear Market of 1998
  • Largest of the Large
  • Will Small Caps Rebound?
• September
  • The Russian Bear
  • Portfolio Insurance?
  • 3 Ways to Insure
  • 3 Ways to Insure (Pros and Cons)
  • Directory Additions
• October
  • 3rd Quarter Plunge
  • Technology Indexing
  • Rydex OTC and PSE Tech 100
• November
  • October Recovery
  • More Proof That Indexing Works
  • Buffet and Burns Support Indexing
  • Vanguard Retains Low-Cost Lead
• December
  • November Markets
  • Does Tax-Efficiency Matter?
  • Key Drivers of Tax Efficiency
  • Index Funds Are Tax-Efficient
  • Tax-Managed Funds vs. Index Funds

1997

• December
  • Asset Allocation Controversy
  • Our View
  • How many asset classes do I need?
  • Should I index all asset classes?
  • Portfolio performance
  • New index funds for December