Multi-Asset Review: On the charge

Over the last 10 years or so, it has become fashionable to observe that it is all different now - that the great bond bubble is about to come to an end, say, or that equity markets will roll over. Nevertheless, it has proved an environment that has favoured those who have quietly remained invested in markets while others have panicked. It is an environment that has suited Vanguard very nicely.  Vanguard came to the UK market a little under a decade ago and has proved every bit as disruptive as it was in the US, pushing fees lower overall and challenging the active management sector to do...