Evaluating the Changed Collection of Equity Mutual Funds for Vanguard Participants in the Duke University Retirement Plan

19 Pages Posted: 22 Aug 2019

See all articles by Chong Li

Chong Li

Duke University, Trinity College of Arts & Sciences, Department of Economics; Sichuan University

Edward Tower

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

Rhona Zhang

North Carolina School of Science and Mathematics, Students

Date Written: May 1, 2019

Abstract

From January 2019 Duke employees who are paid monthly have a changed set of mutual funds to choose from in their Duke University Faculty and Staff Retirement Plan. Which mutual funds are good choices? We compare the new lineup of funds with the Vanguard funds that have been cut from the retirement plan. We find that the new plan contains funds which on average have outreturned their benchmarks by more than the Vanguard funds that have been cut. We also characterize the styles of the funds in the new lineup to help the construction of balanced portfolios.

Suggested Citation

Li, Chong and Tower, Edward and Zhang, Rhona, Evaluating the Changed Collection of Equity Mutual Funds for Vanguard Participants in the Duke University Retirement Plan (May 1, 2019). Economic Research Initiatives at Duke (ERID) Working Paper No. 286 (2019), Available at SSRN: https://ssrn.com/abstract=3384097 or http://dx.doi.org/10.2139/ssrn.3384097

Chong Li

Duke University, Trinity College of Arts & Sciences, Department of Economics ( email )

Durham, NC
United States

Sichuan University

No.24 South Section 1, Yihuan Road
School of Economics
Chengdu, Sichuan 610065
China

Edward Tower (Contact Author)

Duke University - Department of Economics ( email )

213 Social Sciences Building
Box 90097
Durham, NC 27708-0204
United States
919-660-1818 (Phone)
919-684-8974 (Fax)

Chulalongkorn University-Economics Department

Bangkok
Thailand

Rhona Zhang

North Carolina School of Science and Mathematics, Students ( email )

Durham, NC
United States

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