Edward Tower

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Edward Tower
Tower.jpg
Nationality American
Occupation Academic
Website home
Academic background
Alma mater Harvard University
Academic work
Discipline Financial economics
Sub discipline International Economics and Finance
Institutions Duke University
Notable works Mutual fund studies

Edward Tower is a professor within the Economics Department at Duke University. His teaching expertise includes the subjects of finance, computable general equilibrium modeling, development economics, managerial economics, micro and macroeconomics, and international trade and finance.

Edward Tower has presented papers addressing Vanguard mutual funds at the Bogleheads® 11[1] and Bogleheads® 12 [2] reunion conventions.

Papers

Tower is the author/co-author of numerous papers examining mutual funds. Many studies center on Vanguard mutual funds, including comparative studies with other fund providers, such as GMO, Fidelity, Dimensional Fund Advisors, and Wisdom Tree.

Year Study
2014 GMO's Predictions: A Useful Guide for Investors?[3]
2010 GMO’s Predictions Prescient? Using them to predict Vanguard’s Mutual Fund Returns[4]
2010 GMO versus Vanguard: Assessing the Performance of Comparable Funds[5]
2010 Strategic Asset Allocation in Practice: Using Vanguard Funds to Clone GMO’s Benchmark‐Free Allocation Fund[6]
2009 Vanguard versus DFA & WisdomTree, and the Value Added by Dan Wiener’s Independent Adviser for Vanguard Investors[7]
2009 Performance of actively managed versus index funds: The Vanguard case[8]
2009 Classic and enhanced index funds: Performance and issues[9]
2008 Ranking mutual fund families: minimum expenses and maximum loads as markers for moral turpitude[10]
2008 Time zone arbitrage in Vanguard’s international index funds[11]
2008 Enhanced versus Passive Mutual Fund Indexing: Has DFA Outperformed Vanguard by Enough to Justify its Advisor and Transaction Fees?[12]
2008 Do Vanguard’s managed funds beat its index funds[13]
2005 Fidelity versus Vanguard: Comparing the performance of the two largest mutual fund families[14]
2004 Index fundamentalism revisited[15]

Books

  • Gilbert, John, Tower, Edward (2013). An Introduction to Numerical Simulation for Trade Theory and Policy. World Scientific Publishing Company. pp. 300. ISBN 978-9814390811

References

  1. Tower, Edward Yang, Chao (2012). Vanguard versus the Enhanced Indexers, DFA, RAFI, and WisdomTree: Is Traditional Indexation Passé?. SSRN. http://ssrn.com/abstract=2179188.
  2. Lim, Heehyun. Tower, Edward (2013). Enhanced versus Traditional Indexation for International Mutual Funds: Evaluating DFA, WisdomTree and RAFI Powershares. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=8oQxZiAAAAAJ&sortby=pubdate&citation_for_view=8oQxZiAAAAAJ:4xDN1ZYqzskC.
  3. Tower, Edward, Barry, David, Stansky, Edward (2014). GMO's Predictions: A Useful Guide for Investors?. Economic Research Initiatives at Duke (ERID) Working Paper. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=8oQxZiAAAAAJ&sortby=pubdate&citation_for_view=8oQxZiAAAAAJ:-7ulzOJl1JYC.
  4. GMO’s Predictions Prescient? Using them to predict Vanguard’s Mutual Fund Returns. 2010. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=8oQxZiAAAAAJ&cstart=20&pagesize=80&sortby=pubdate&citation_for_view=8oQxZiAAAAAJ:BwyfMAYsbu0C.
  5. Tower, Edward (2010). GMO versus Vanguard: Assessing the Performance of Comparable Funds. SSRN. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=8oQxZiAAAAAJ&cstart=20&pagesize=80&sortby=pubdate&citation_for_view=8oQxZiAAAAAJ:olpn-zPbct0C.
  6. Tower, Edward (2010). Strategic Asset Allocation in Practice: Using Vanguard Funds to Clone GMO’s Benchmark‐Free Allocation Fund. SSRN. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=8oQxZiAAAAAJ&cstart=20&pagesize=80&sortby=pubdate&citation_for_view=8oQxZiAAAAAJ:NhqRSupF_l8C.
  7. Yichong, Zhang, Tower, Edward (2009). Vanguard versus DFA & WisdomTree, and the Value Added by Dan Wiener’s Independent Adviser for Vanguard. SSRN. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=8oQxZiAAAAAJ&cstart=20&pagesize=80&sortby=pubdate&citation_for_view=8oQxZiAAAAAJ:kuK5TVdYjLIC.
  8. Tower, Edward (2009). Performance of actively managed versus index funds: The Vanguard case. Mutual Funds: Portfolio Structures, Analysis, Management, and Stewardship: John Wiley & Sons. pp. 211-236. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=8oQxZiAAAAAJ&cstart=20&pagesize=80&sortby=pubdate&citation_for_view=8oQxZiAAAAAJ:3s1wT3WcHBgC.
  9. Tower, Edward (2009). Classic and enhanced index funds: Performance and issues. Mutual Funds: Portfolio Structures, Analysis, Management, and Stewardship: Wiley. pp. 237-264. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=8oQxZiAAAAAJ&cstart=20&pagesize=80&sortby=pubdate&citation_for_view=8oQxZiAAAAAJ:LjlpjdlvIbIC.
  10. Zheng, Wei, Tower, Edward (2008). Ranking mutual fund families: minimum expenses and maximum loads as markers for moral turpitude. International Review of Economics: Springer-Verlag. pp. 315-350. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=8oQxZiAAAAAJ&cstart=20&pagesize=80&sortby=pubdate&citation_for_view=8oQxZiAAAAAJ:RGFaLdJalmkC.
  11. Donnelly, Katelyn Rae, Tower, Edward (2008). Time zone arbitrage in Vanguard’s international index funds. Duke working paper. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=8oQxZiAAAAAJ&cstart=20&pagesize=80&sortby=pubdate&citation_for_view=8oQxZiAAAAAJ:zA6iFVUQeVQC.
  12. Yang,Cheng-Ying, Tower, Edward (2008). Enhanced versus Passive Mutual Fund Indexing: Has DFA Outperformed Vanguard by Enough to Justify its Advisor and Transaction Fees?. The Journal of Investing. pp. 71-81. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=8oQxZiAAAAAJ&cstart=20&pagesize=80&sortby=pubdate&citation_for_view=8oQxZiAAAAAJ:hC7cP41nSMkC.
  13. Rodriguez, Abel, Tower, Edward (2008). Do Vanguard’s managed funds beat its index fund. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=8oQxZiAAAAAJ&cstart=20&pagesize=80&sortby=pubdate&citation_for_view=8oQxZiAAAAAJ:7PzlFSSx8tAC.
  14. Zheng,Wei, Tower, Edward (2005). Fidelity versus Vanguard: Comparing the performance of the two largest mutual fund families. International Review of Economics and Business. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=8oQxZiAAAAAJ&cstart=20&pagesize=80&sortby=pubdate&citation_for_view=8oQxZiAAAAAJ:2P1L_qKh6hAC.
  15. Reinker,Kenneth S., Tower, Edward (2004). Index fundamentalism revisited. The Journal of Portfolio Management: Institutional Investor Journals. pp. 37-50. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=8oQxZiAAAAAJ&cstart=20&pagesize=80&sortby=pubdate&citation_for_view=8oQxZiAAAAAJ:kNdYIx-mwKoC.

External links