The COVID-19 pandemic has produced the most pronounced economic shock in nearly a century. What might 2021 hold for global financial markets? In this summary of our annual economic and investment outlook, Joe Davis, Vanguard's global chief economist and the global head of Vanguard Investment Strategy Group, outlines expectations for the year ahead.
Outperforming traditional active equity managers and equity factors have frequent periods of underperformance, some of which are long in duration and large in magnitude. Investors who understand this are more able to maintain the patience they need to reach their goals.
U.S. presidential elections typically don't have a long-term effect on market performance. So how should investors position their portfolios ahead of the 2020 election? This video shares Vanguard's views.