RT Journal Article
SR Electronic
T1 Practical Applications of David and Goliath: <em>Who Wins the Quantitative Battle?</em>
JF Practical Applications
FD Institutional Investor Journals
SP 1
OP 4
DO 10.3905/pa.2017.4.4.217
VO 4
IS 4
A1 Bogle John C.
A1 Aimee Picchi
YR 2017
UL https://pm-research.com/content/4/4/1.8.abstract
AB David and Goliath: Who Wins the Quantitative Battle? Bogle John C Traditional index funds may not seem to have an advantage over the complex quantitative investment styles employed by hedge funds and other portfolio managers, but the investment approaches share similarities to the ancient story of David and Goliath, says Vanguard Group founder John C. Bogle. In new research published in The Journal of Portfolio Management , Bogle writes that low-cost index funds are winning against their better-equipped and richer rivals.In an interview with Institutional Investor Journals, Bogle says the implications include the likelihood that many strategic beta funds and other quantitative-based vehicles may fail to outperform simple market-cap weighted index funds over the long term.TOPICS: Mutual funds/passive investing/indexing, real assets/alternative investments/private equity