Christopher Philips, CFA, heads Vanguard Institutional Advisory Services, which assists and counsels institutional clients, including defined benefit plans, endowments, and foundations. Previously, he led a team of investment-only relationship managers in Vanguard Institutional Investor Services, and served as an senior investment analyst in Vanguard Investment Strategy Group, where he wrote and presented research on various topics, including international investing, indexing, and benchmark selection. Mr. Philips joined Vanguard in 2000. He earned a B.A. from Franklin and Marshall College and is a CFA® charterholder.
Subscribe to receive FREE updates, insights and more, straight to your inbox
Smart beta exchange-traded funds (ETFs) have become increasingly popular over the past several years. In fact, BlackRock projects that smart beta ETFs will grow at a 20% annual pace to $1 trillion in assets under management by 2020.
Smart beta exchange-traded funds (ETFs) have become a popular way for investors to target specific portfolio outcomes like reduced risk, enhanced returns or higher income at a lower cost than actively managed funds.
With the rise of bonds ETFs investors now have more ways than ever before to improve, as well as damage, their fixed income portfolios.