CQR Issue #2

Ok, so I finally am starting to crank out all of these research pieces I have been meaning to write for months/years, and the newest issue of CQR Monthy (err, should be called CQR Quarterly or CQR whenever…) should be out soon.

In the meantime, a nice read from the folks at Vanguard, The Case for Indexing.

While the % of active funds underperforming indexes was not surprising (consistently over time around 70-80% and something like 95%+ after-tax), the relatively small size of index funds as a % of total assets (13%) at registered investment companies was (I assumed much, much larger).