Vanguard Emerging Markets Stock VIPERs (VWO)

All Comments on VWO

  • commenter
    Aug 07 05:51 PM
    A Simple Momentum System for Beating the Market [view article]
    Like many other discussions of momentum analysis, this article makes broad assertions of the virtues while skirting the difficult details. Of course momentum exists in individual stocks – few people subscribe to the pure form of the random walk.

    The underlying economic principles are readily understandable. For a single company, steady earnings growth over the past few quarters is in most instances the result of circumstances that won’t change on a dime, so, all other factors being equal, betting on a continuation of a good trend is better than betting on the reversal of a series of bad quarters. An ETF approach is simply the single company approach applied to a sector.

    The difficult details are the choice of entry and exit points. Most trends are interrupted by breaks, and all eventually reverse. All momentum-investing systems rely upon rules that purport to filter out the noise, cut the losses, hang in through the head-fake breaks, and exit before the true reversal, rolling the investment into another stock’s uptrend.

    Most such systems will make some money some of the time. If any system exists that makes good money all of the time, its inventor isn’t going to be writing a book about it.
    Reply
  • commenter
    Aug 06 09:24 AM
    A 360 View of Returns (July 2008) [view article]
    Finally, a universal overview that gives the reader direction for areas to research for future investment. Great job! Reply
  • commenter
    Aug 06 04:05 AM
    A 360 View of Returns (July 2008) [view article]
    Thank you, very helpful. Reply
  • commenter
    Aug 05 09:40 AM
    Emerging Market ETFs: Is There a 'Best' Choice? [view article]
    Jay, I currently hold a position in VWO. As you think that neither VWO or EEM offer compelling advantages over the other, are there other Emerging Market ETFs that offer a better solution in a casual investor's long-term portfolio? Reply
  • commenter
    Aug 05 04:56 AM
    My Website
    A 360 View of Returns (July 2008) [view article]
    very good job Richard, it gives a sectoral - global view, I learned a lot with the summary! Challenging times Reply
  • commenter
    Aug 01 06:02 PM
    Mariana Bush: New Markets Opening for ETF Investors [view article]
    In some future article could you address the basic tax ramifications of closed-end funds, ETNs, ETFs, etc.? I know it's a bad idea to hold an MLP in an IRA, but what about the above? It makes me uncomfortable to get a K-1 in my IRA. Reply
  • commenter
    Aug 01 09:52 AM
    Mariana Bush: New Markets Opening for ETF Investors [view article]
    Wow, she did not say anything of value. That is why Wachovia's is below average company. Reply
  • commenter
    Jul 30 02:38 PM
    El-Erian's Recommended Allocation vs. Harvard, Yale [view article]
    I do not think that high yield bonds, international bonds or even corporate bonds are true asset classes. US Treasury Bonds are not callable and provide a certain outcome. Other than funding known liabilities what is the purpose of owning a bond? And if there is a purpose to owning a bond why would you buy anything but a UST? My point is that investors do not know the risk of buying fixed income - the recent mortgage bond debacle and its victims should be proof of that. The standard response that bonds lower volitility does not make sense; since volitility is only bad if investors anticipate needing the money. If that were the case they would be better off matching up bonds to those liabilities and letting their bets ride on equities were they are fairly compensated for the risk. Reply
  • commenter
    Jul 22 01:00 PM
    My Website
    ETF Industry Data Summary: 1H'08 [view article]
    I think it is great that more investors are investing in ETFs. I just shows that the market players are becoming increasingly aware of the benefits of ETFs over Mutual Funds and individual stocks. I hope to see the numbers grow over the next few years. Reply
  • commenter
    Jul 22 09:01 AM
    ETF Industry Data Summary: 1H'08 [view article]
    quick onceover suggests investors are getting more savvy
    in both diversification, including leveraged funds, bonds, etc
    and intolerance to excessive costs (vanguard flies vs bgi, ssga, holdrs; or at fund level: e.g. vwo vs eem)

    p.s. freudian slip?
    "total ETF asses"?
    (paragraph 2)
    Reply
  • commenter
    Jul 17 05:50 PM
    For ETFs, First Half of 2008 Was All About Commodities [view article]
    This must be gosh of me, but given all the tables do you have a clue on where things might be headed? Like the leaders are in a fade and the new leaders are still aborning. Hope this is not taken a criticism, but it is kinda. Reply
  • commenter
    Jul 17 05:38 PM
    For ETFs, First Half of 2008 Was All About Commodities [view article]
    Does anyone have any comments to share re Banro (BAA)? Reply
  • commenter
    Jul 12 09:57 PM
    My Website
    Hedge Funds Moving Into a New Marketplace [view article]
    Just one more example of a market gone crazy... Reply
  • commenter
    Jul 11 11:38 PM
    Hedge Funds Moving Into a New Marketplace [view article]
    I did some further reading at

    www.indexiq.com/downlo...

    It appears that the actual hedge fund index is in the unfortunate position of trailing the S&P 500 over the past 5 years. So these guys made up a new hedge fund index via backtesting...that is, they looked back in time and figured out what sort of hedge fund index would have beaten the S&P by enough to make their fund seem like a good idea. This is kind of like looking back in time to find out that investing in Berkshire Hathaway, Walmart, and Microsoft would have been a good idea a long time ago, then creating a mutual fund that attempts to mimic the returns of having invested in those companies in a forward direction. Also the really high expenses and tax costs will wipe out a lot of this imaginary return. I can't believe this product exists.
    Reply
  • commenter
    Jul 11 11:25 PM
    Hedge Funds Moving Into a New Marketplace [view article]
    The (misnamed) IQ fund should be able to lock up the market of "investors" who would like to pay 1.6% expenses to hold widely-known ETFs with expense ratios of .11% (Vanguard Bond). My head spins at how many stupid ideas I've just learned about from this one fund.

    What's the value in tracking 9,000 hedge funds? I mean, maybe the top 10, 100 or 1000 have some market-beating potential, but how is it even conceivable to anyone that hedge funds 1000-9000 are going to outperform mutual funds or indexes?

    How does holding a bunch of ETFs lead to tracking hedge funds? Hedge funds reveal little information about what they do with a long time lag, trade frequently, and engage in strategies you can't get with an ETF. If you could match hedge fund returns by investing in some of the most popular ETFs according to a mathematical formula, why wasn't somebody already doing this?

    Let's assume that a hedge fund index is reasonable and possible. This fund isn't even doing it! They're changing weightings monthly according to some sort of ill-explained modeling.

    The guy that runs this company thinks hedge funds are an asset class (quoted in linked article). He must know this isn't true. Hedge funds are a managerial strategy. The asset classes are listed right above here in the holdings - bonds, REITs, stocks, currencies, commodities, etc. These are the same things anyone invests in, usually at much lower expense levels than this fund. What matters is strategy, and this fund has one of the most dubious ones I've ever seen (unless we're talking about a strategy for managerial enrichment).
    Reply