[Smart Investing] How high yields can camouflage high risks

Click here to view Smart Investing™ online. SmartInvesting™ With Robin Bowerman Principal, Market Strategy and Communications   26 August 2013   IN THIS EDITION: How high yields can camouflage high risks Excess contributions tax: remain vigilant Rapid ETF growth How high yields can camouflage high risks Hybrids - by definition - are the offspring of two different things. In the case of cars it is the combination of electric and internal combustion engines. In the world of investing it is the combination of debt and equity characteristics that has spawned the growth of "hybrid securities".   Read more Excess contributions tax: remain vigilant Super fund members saving hard for retirement should always remain vigilant about the risk of excess contributions tax.   Read more Rapid ETF growth The market value of assets held in exchange traded products - Exchange Traded Funds (ETFs) and Exchange Traded Commodities - grew by an impressive 56.4 per cent over the 12 months to July 31.   Read more Vanguard investor education in association with Vanguard: The Value of Financial Literacy VIDEO | 19 August 2013 Tim Blue interviews Penny Pryor, Financial Journalist and Rebecca Glenn, Campaign Director Money Smart Week   Vanguard in the news Active managers' fees make a bigger dent for retail investors Brendan Swift | 21 August 2013 The average fee for an actively managed fund tracking the S&P/ASX200 Index is 1.59 per cent according to Morningstar – well above exchange traded funds such as the Vanguard Australian Shares Index ETF (which tracks the top 300 stocks and charges 0.15 per cent). That means an active manager needs to consistently outperform the index by at least 1.3 per cent a year before an investor breaks even. To read more, please visit the AFR website. Please note the link above will show a copy of the article (where freely available), or the publisher's website if a subscription is required. QUICK LINKS Exchange Traded Funds Performance News and Commentary Retail Managed Funds Client services Online: Click here to see contact details for the Vanguard Client Services Team around Australia. Client service associates are available from 8:00am to 6:00pm, Monday to Friday (Melbourne time). Email: clientservices@vanguard.com.au Telephone: 1300 655 101 8:00am - 6:00pm Monday to Friday, Melb time. Vanguard ETF Help desk: 1300 655 888 8:00am - 6:00pm Monday to Friday, Melb time. Unsubscribing from this email: To unsubscribe from Vanguard communications, please email clientservices@vanguard.com.au or contact us on 1300 655 101. General advice warning Vanguard Investments Australia Ltd ABN 72 072 881 086 / AFS Licence 227263 is the product issuer. We have not taken your or your clients' 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 or your clients' circumstances and our Product Disclosure Statement (PDS) before making any investment decision. You can access our PDS here or by calling 1300 655 205. 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 2013 Vanguard Investments Australia Ltd. All rights reserved. Terms and conditions of use  |  Disclaimers  |  Privacy policy CONNECT WITH US  LinkedIn  Twitter