Douglas Grim, CFA, is a senior investment strategist in Vanguard Investment Strategy Group (ISG). He conducts research and gives speeches on issues related to portfolio construction, investment strategies, global market trends, and alternative investments. Before his current role, he was a senior investment consultant in Vanguard Institutional Advisory Services®. In that position, he provided asset allocation and portfolio construction recommendations, investment policy consulting, and capital markets research to defined benefit, endowment, and foundation clients. He also served as team leader responsible for assisting other consultants with all asset allocation and asset/liability studies conducted for clients. Prior to that role, he was a member of the relationship team serving large, nondiscretionary nonprofit clients. Mr. Grim earned a B.S. in marketing from the University of North Carolina at Wilmington. He holds the Chartered Financial Analyst® certification and FINRA Series 6, 7, and 63 licenses. He is a member of the CFA Institute and the CFA Society of Philadelphia.
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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.