Publications [#380903] of Edward Tower

Journal Articles

1. Tower, E, Vanguard and Fidelity active stock funds: both generally beat their same-style Vanguard index funds, Annals of Operations Research, vol. 346 no. 1 (March, 2025), pp. 645-656 [doi]
   (last updated on 2025/04/18)

   Abstract:
   This chapter contrasts the return of Vanguard and Fidelity active stock mutual funds with the same-style portfolio of Vanguard’s index funds over the ten years through 2022. Vanguard’s equally weighted portfolio of domestic active funds generally excess-returns the Vanguard same-style index fund portfolio, as does Fidelity’s equally weighted active-fund portfolio.