Bringing you live news and features since 2006 

Vanguard makes advisory change for International Value Fund

RELATED TOPICS​

Vanguard has made modifications to the investment advisory structure of the USD6.8bn Vanguard International Value Fund.



Hansberger Global Investors will no longer serve as an adviser under the new arrangement, and its portion of the fund (approximately 17 per cent) will be reallocated to Lazard Asset Management and Edinburgh Partners, which currently serve as advisers to the fund.

“After careful evaluation, we determined that the new investment advisory arrangement will better serve shareholders over the long term,” says Vanguard chief executive Bill McNabb (pictured). “We thank Hansberger and its investment professionals for their dedication and commitment to our shareholders over the last 12 years.”

Under the new arrangement, Lazard will manage approximately 39 per cent of the fund’s assets; Edinburgh Partners 34 per cent; and ARGA Investment Management 24 per cent. Cash investments will account for the remainder of the fund’s assets.

Vanguard International Value Fund invests in non-US companies from developed and emerging international markets, focusing on stocks that its advisors view as temporarily undervalued. The fund has followed a multi-manager approach since 2004.

The International Value Fund’s expense ratio is not expected to be affected by the advisory change.
 

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by