Vanguard is adding two actively managed global balanced funds to its lineup and has selected Wellington Management Company (WMC) to serve as the investment advisor to the new funds – Global Wellington Fund and Global Wellesley Income Fund.
The Global Wellington Fund will seek to provide long-term capital appreciation and moderate current income by offering a globally diversified portfolio invested in both equities and fixed income securities. The Global Wellington Fund will have approximately 65 per cent of assets invested in equities and 35 per cent of assets invested in fixed income securities. The Global Wellesley Income Fund will take a more conservative approach in primary pursuit of a high and sustainable level of current income, along with moderate long-term capital appreciation. As such, approximately 65 per cent of its portfolio will be allocated to fixed income securities and 35 per cent to equities.
“The Global Wellington and Global Wellesley Income Funds will offer investors the convenience of a turnkey investment program in a single fund, providing broad diversification among global stocks and bonds,” says Vanguard CEO Bill McNabb (pictured). “The funds reflect a thoughtfully constructed mix of domestic and international securities and represent Vanguard’s fundamental, time-tested investment principles—balance, diversification, discipline, low-cost, and a long-term orientation.”