When judgement calls backfire; How high fees erode returns; If you cannot beat the index...

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30 July 2012   When judgement calls backfire Smart people are supposed to be able to spot a scam. But looking at the report released this month by the Australian Crime Commission (ACC) and the Institute of Criminology (AIC) on Serious and Organised Investment Fraud in Australia, not all is as it seems. Read more » How high fees erode returns One of the main reasons why many actively-managed share funds have difficulty matching the index on after-fee terms is the size of their fees. In short, high fees can really erode investment returns. Read more » If you cannot beat the index... The great difficulty in selecting a range of individual shares and actively- managed share funds that consistently outperform the market encourages many investors to adopt a core-satellite approach to investing. Read more » Vanguard in the news These links show a copy of the article (where freely available), or the publisher's website if a subscription is required. Performance for the duration John Wasiliev, 21 July 12 Support for bond exchange-traded funds (ETFs) is still in the early stages, but their launch earlier this year has been timely for pioneering investors who have given them a go. AFR website »	QUICK LINKS   Financial planning from the outset Video | 16 July 2012 How best to invest in the rural sector Webinar | 15 May 2012   CONTACT US Email clientservices@vanguard.com.au Our office: Level 34, Freshwater Place 2 Southbank Boulevard Southbank VIC 3006 (map) Telephone: 1300 655 101, 8:00am - 6:00pm Monday to Friday, Melb time.   Vanguard ETF enquiries For more information on Vanguard ETFs please call 1300 655 888 Unsubscribe  |  Vanguard on Twitter
We will keep your details so that in future we can also send you marketing material on products and services offered by us. (By providing your details you agree we can do so.) You can let us know at any time if you no longer wish to receive information from us. We may provide your details to our service providers - for example, the mailhouses which dispatch our publications - or to market research companies which conduct research for us. You can access or update your contact details at any time by contacting Vanguard on 1300 655 101. To view our full privacy policy, which outlines what we will do with any information we collect from you, click here or contact us to request a copy. Vanguard Investments Australia Ltd ABN 72 072 881 086 / AFS Licence 227263 is the product issuer. We have not taken your circumstances into account when preparing the information in our electronic publications so they may not be applicable to your circumstances. You should therefore consider your circumstances and our Product Disclosure Statement (PDS) before making any investment decision. You can access our PDS online or by calling 1300 655 101. Past performance is not an indication of future performance. Our electronic publications are prepared in good faith and we accept no liability for any errors or omissions. Not all articles are prepared by Vanguard so they may not represent our views and opinions. Vanguard Investments Australia Limited is in no way responsible for the content or loss resulting from use of any website owned by a third party that may be linked to this email via hyperlink. © Copyright 2012 Vanguard Investments Australia Ltd. All rights reserved.

[Smart Investing] Cashing in risk; Take-up of fixed-interest and high-dividend ETFs; What a relationship breakdown may mean for an SMSF

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23 July 2012   Cashing in risk Investment risk never goes away but it does change shape. As we mark the start of a new financial year a different type of risk continues to build up within our superannuation system, a risk that perhaps investors are less conscious of given the volatile markets we have endured since the global financial crisis. Read more » Take-up of fixed-interest and high-dividend ETFs These are very early days on the Australian market for fixed-interest and high-dividend yield Exchange Traded Funds (ETFs). Read more » What a relationship breakdown may mean for an SMSF An unfortunate reality that many Self-Managed Super Funds (SMSF) face is a breakdown in the relationship of the funds' trustees. Read more » Vanguard in the news These links show a copy of the article (where freely available), or the publisher's website if a subscription is required. Good earners in a dull market David Bassanese, 14 July 12 Many investors have become jaded by the sharemarket in recent years, and have displayed a distinct preference for the safety of cash or bonds. The market is weighed down by concerns over Europe, cautious consumer spending and falling export commodity prices, so this sentiment is understandable. AFR website »	QUICK LINKS   Financial planning from the outset Video | 16 July 2012 How best to invest in the rural sector Webinar | 15 May 2012   CONTACT US Email clientservices@vanguard.com.au Our office: Level 34, Freshwater Place 2 Southbank Boulevard Southbank VIC 3006 (map) Telephone: 1300 655 101, 8:00am - 6:00pm Monday to Friday, Melb time.   Vanguard ETF enquiries For more information on Vanguard ETFs please call 1300 655 888 Unsubscribe  |  Vanguard on Twitter
We will keep your details so that in future we can also send you marketing material on products and services offered by us. (By providing your details you agree we can do so.) You can let us know at any time if you no longer wish to receive information from us. We may provide your details to our service providers - for example, the mailhouses which dispatch our publications - or to market research companies which conduct research for us. You can access or update your contact details at any time by contacting Vanguard on 1300 655 101. To view our full privacy policy, which outlines what we will do with any information we collect from you, click here or contact us to request a copy. Vanguard Investments Australia Ltd ABN 72 072 881 086 / AFS Licence 227263 is the product issuer. We have not taken your circumstances into account when preparing the information in our electronic publications so they may not be applicable to your circumstances. You should therefore consider your circumstances and our Product Disclosure Statement (PDS) before making any investment decision. You can access our PDS online or by calling 1300 655 101. Past performance is not an indication of future performance. Our electronic publications are prepared in good faith and we accept no liability for any errors or omissions. Not all articles are prepared by Vanguard so they may not represent our views and opinions. Vanguard Investments Australia Limited is in no way responsible for the content or loss resulting from use of any website owned by a third party that may be linked to this email via hyperlink. © Copyright 2012 Vanguard Investments Australia Ltd. All rights reserved.

[Smart Investing] SMSFs driving advice in new direction; The losing trifecta of market-timing; Why ETFs in tough markets?

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12 July 2012   SMSFs driving advice in new direction Self-managed super funds are redrawing the landscape for financial advice. This is a double-edged sword for the financial planning industry. Read more » The losing trifecta of market-timing When the sharemarket is particularly volatile, more investors are likely to try to time the market – that is attempting to pick the best time to buy and sell shares. This could, however, be a costly mistake for many of these investors. Read more » Why ETFs in tough markets? Despite the difficult investment markets, the market capitalisation of Exchange Traded Funds (ETFs) trading on the Australian Securities Exchange (ASX) grew by almost 9 percent to more than $5 billion during the 12 months to May. Read more » Vanguard in the news These links show a copy of the article (where freely available), or the publisher's website if a subscription is required. Spread risk to beat blues Neale Prior, 09 July 12 Financial planner Rob Pyne believes the days are long gone when rising markets helped offset the damage created by a poorly structured portfolio. Mr Pyne, of Como-based HPH Solutions, said the best protection against volatility was diversification, across asset classes and within each asset classes. The West Australian website »	QUICK LINKS   Super: Post-Budget Video | 30 May 2012 Fixed Interest Investing Video | 04 May 2012 Tax smart SMSFs Webinar | 01 May 2012   CONTACT US Email clientservices@vanguard.com.au Our office: Level 34, Freshwater Place 2 Southbank Boulevard Southbank VIC 3006 (map) Telephone: 1300 655 101, 8:00am - 6:00pm Monday to Friday, Melb time.   Vanguard ETF enquiries For more information on Vanguard ETFs please call 1300 655 888 Unsubscribe  |  Vanguard on Twitter
We will keep your details so that in future we can also send you marketing material on products and services offered by us. (By providing your details you agree we can do so.) You can let us know at any time if you no longer wish to receive information from us. We may provide your details to our service providers - for example, the mailhouses which dispatch our publications - or to market research companies which conduct research for us. You can access or update your contact details at any time by contacting Vanguard on 1300 655 101. To view our full privacy policy, which outlines what we will do with any information we collect from you, click here or contact us to request a copy. Vanguard Investments Australia Ltd ABN 72 072 881 086 / AFS Licence 227263 is the product issuer. We have not taken your circumstances into account when preparing the information in our electronic publications so they may not be applicable to your circumstances. You should therefore consider your circumstances and our Product Disclosure Statement (PDS) before making any investment decision. You can access our PDS online or by calling 1300 655 101. Past performance is not an indication of future performance. Our electronic publications are prepared in good faith and we accept no liability for any errors or omissions. Not all articles are prepared by Vanguard so they may not represent our views and opinions. Vanguard Investments Australia Limited is in no way responsible for the content or loss resulting from use of any website owned by a third party that may be linked to this email via hyperlink. © Copyright 2012 Vanguard Investments Australia Ltd. All rights reserved.