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Can Tracking Error Boost Index Funds’ After-Tax Returns?

November 23, 2023

Investors tend to view an index fund’s tracking error in a purely negative light. When a fund fails to track its benchmark especially well, investors’ assumption is that the fund…

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Factor Portfolios and Cap-Weighted Benchmarks: Bridging the Tracking Error Gap

November 13, 2023

Despite a brief return to normalcy in 2022, equity factor strategies have experienced performance challenges relative to cap-weighted indexes since the COVID-19-induced market crash of 2020. While there are many…

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