Bringing you live news and features since 2006 

Announcement

Vanguard modifies management teams of several funds

RELATED TOPICS​

Vanguard has made new investment advisory arrangements for the USD21 billion Vanguard International Growth Fund and USD2 billion Vanguard Variable Insurance Fund (VVIF)-International Portfolio, as well as a change in the manager structure of the nearly USD1 billion Vanguard Capital Value Fund.

VVIF will now be managed by Baillie Gifford Overseas and Schroder Investment Management North America. M&G Investment Management will no longer serve as an adviser to the funds.
 
Following the transition, the new allocation of each fund is expected to be as follows: Baillie Gifford, 60 per cent; and Schroders, 40 per cent. Previously, M&G managed approximately 11.5 per cent of International Growth and 14.3 per cent of VVIF-International.
 
Separately, David Palmer of Wellington Management Company will now serve as sole portfolio manager of the Capital Value Fund. Previously, Peter Higgins of Wellington served as co-manager of the fund.  
 
The investment objectives and primary investment strategies of each of the funds will remain the same, and the expense ratios of the funds are not expected to be affected by the changes.
 
The funds’ board of trustees determined that the adviser teams are now configured to a combination of investment approach, expertise, and resources to better serve shareholders going forward.   

Latest News

21.co, the parent company of 21Shares has announced the launch of 21.co Wrapped Bitcoin (21BTC) on the Solana blockchain. 21BTC..
CoinShares writes that digital asset investment products saw inflows for the third consecutive week totalling USD1.05 billion, with cumulative flows..
The New York Stock Exchange, part of Intercontinental Exchange, Inc, has announced it is collaborating with CoinDesk Indices to launch..
ETP provider GraniteShares has announced it has surpassed USD5 billion in assets under management (AUM), reaching USD5.199 billion...

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
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