[Smart Investing] It’s getting tough for active fund managers to beat the market; Making a comeback; Money to burn or save?
click here to view the online version of this email
18 September 2012
It's getting tough for active fund managers to beat the market
Sailors know better than most the challenge of battling strong headwinds. Investors in the fixed income space, by contrast, seem to be operating in a world of eternal optimism – despite strong and prevailing market winds they press on hoping for a change in wind direction.
We read from time to time about retired sports stars - from former Olympic swimming champions to heavyweight boxers and professional surfers - who make comebacks with varying degrees of success.
The tax office reports that 5.5 million individuals had lodged their 2011-12 tax returns by early this month, and more than 4.2 million refunds totalling $9.76 billion had been paid.
These links show a copy of the article (where freely available), or the publisher's website if a subscription is required.
Forget the rest, here are the best
Jason Clout, 09 Sept 12 From a host of worthy contenders, the stars of the banking sector have been revealed with the judges delivering their verdicts on the top performers in the financial sector.
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.