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VTV

And just like that, another star active manager bites the dust.

Earlier this month, one of the most respected mutual fund managers in history announced that he was stepping down after a tumultuous stretch that cast a long, red shadow over an otherwise illustrious career. Bill Miller, who has been the manger or co-manager of the Legg Mason Capital Management Value Trust since the fund started in the early 1980s, is stepping aside from the day-to-day management of the portfolio after a string of disappointing years shrunk the asset base of what was once a high-flying mutual fund that could seemingly do no wrong. Mason’s Value Trust neat the S&P 500 for a string of 15 straight calendar years between 1991 and 2005. [click to continue…]

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Low Cost ETFs: Complete List Of The Cheapest Exchange-Traded Funds

by Michael Johnston on December 16, 2009

The reasons for the rise of the ETF industry are numerous: intraday liquidity, (potentially) superior tax efficiency, and enhanced transparency relative to traditional actively-managed mutual funds have all contributed to the billions of dollars of inflows that these funds have seen in recent years. But the real attraction for most ETF investors is the reduced expenses these products offer, often only a fraction of the fees charged by mutual funds. [click to continue…]

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Chrales Schwab ETFs: Uphill Battle Ahead

by Michael Johnston on July 23, 2009

Charles Schwab, one of the world’s best known and largest asset management firms, recently took another step towards finally breaking into the rapidly-expanding ETF industry. Earlier this month, Schwab filed paperwork with the SEC to launch nine ETFs. The proposed funds will have the benefit of the Schwab name (and the tremendous resources that come [...]

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