Abstract

http://ssrn.com/abstract=1504756
 
 

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Vanguard Versus DFA & Wisdomtree, and the Value Added by Dan Wiener’s Independent Adviser for Vanguard Investors


Edward Tower


Chulalongkorn University-Economics Department; Duke University - Department of Economics

Zhang Yichong


Duke University

November 6, 2009


Abstract:     
Investigating style-adjusted performance is important for an investor who has selected the desired style and wishes to know which fund or company or portfolio would have provided the best performance within that style. Looking at the entire portfolios provided to clients by different companies or suggested by different advisors enables assessment of how clients have done. This is a function of the funds provided by the companies, the advice provided by the companies and their associated advisors, as well as the behavior of the clients themselves. If we want to answer the question: “Has Vanguard or DFA or WisdomTree done better by their clients?” analyzing the returns of the entire portfolios is the correct method. This is what we do here.

Number of Pages in PDF File: 20

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Date posted: November 14, 2009 ; Last revised: January 14, 2010

Suggested Citation

Tower, Edward and Yichong, Zhang, Vanguard Versus DFA & Wisdomtree, and the Value Added by Dan Wiener’s Independent Adviser for Vanguard Investors (November 6, 2009). Available at SSRN: http://ssrn.com/abstract=1504756 or http://dx.doi.org/10.2139/ssrn.1504756

Contact Information

Edward Tower (Contact Author)
Chulalongkorn University-Economics Department
Bangkok
Thailand
Duke University - Department of Economics ( email )
Durham, NC 27708-0204
United States
919-660-1818 (Phone)
919-684-8974 (Fax)
Zhang Yichong
Duke University ( email )
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