What is the difference between a bond’s coupon rate and yield to maturity?
Quick Take on Fixed Income April 2015 Q: What is the difference between a bond’s coupon rate and yield to maturity? A: The coupon rate tells you the annual amount of interest paid by a fixed income security. For example,...
How Much Are You Paying for Your Size and Value Tilt?
It’s becoming clear that the price for overall U.S. equity market exposure is close to zero. Many market-cap weighted index funds and exchange-traded funds from Vanguard and others are charging expense ratios of five basis points (bps) or less. An...
