Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Vanguard Boots Subadvisor, Adds Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, September 23, 2005

Vanguard Boots Subadvisor, Adds Fund

by: Sean Hanna, Editor in Chief

The Vanguard Group has announced a pair of product moves. The Valley Forge, Pennsylvania based form is shaking up the portfolio management structure in its $4.3 billion Equity Income Fund (VEIPX) by pulling a subadvisor; it is also taking the wraps off a new dividend focused fund that will carry VIPER shares.

The loser in the portfolio management move is John A. Levin & Company, which is losing a mandate to manage $800 million of fund assets. The pool of money, which represents some 18 percent of the fund, will be taken over by long time Vanguard partner Wellington Management Company.

Wellington, one of the fund's three existing subadvisors, will be responsible for managing $2.6 billion of the fund's assets following the shift. Vanguard itself will manage the remaining $1.7 billion for the fund.

Vanguard officials said the fund's directors focused on style consistency and the investment process, absolute and relative long-term performance, and the depth and composition of the management and research teams among other issues when considering the change.

"The Board concluded that adopting a co-manager structure -– blending Wellington’s fundamental approach with Vanguard’s quantitative strategies -– would best serve the fund going forward," explained Jack Brennan, Vanguard's chairman and CEO.

He added that the fund's expense ratio should fall slightly because of the change.

Vanguard officials also took the wraps of the newest member of the fund family, the Dividend Acheivers Index Fund. The fund is now in registration with the SEC and will offer both traditional shares and a class of VIPER ETF shares. The Vanguard Quantitative Equity Group will manage the portfolio.

Gus Sauter, Vanguard's chief investment officer, said that the new fund is the firm's fiftieth fund and twenty-fourth VIPER. Vanguard’s Amex-listed ETF family will include ten VIPERs tracking broad domestic stock markets, eleven targeting specific domestic stock sectors, and three tracking broad international stock markets.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


    Sorry, no records in the database matched your search parameters. Clich back and try again.



  1. Nicsa webinar - New research by Alex Edmans and the Diversity Project - The Power of diverse thinking: How the best teams make decisions, July 1
  2. MFDF Director Discussion Series - Open Forum, July 9
  3. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 10
  4. MFDF Director Discussion Series - Open Forum (Philadelphia), July 15
  5. 2025 MMI Women in Advisory Solutions Forum, Jul 15-16
  6. Nicsa webinar - How Trusted GenAI is Transforming Data Access in Asset Management, July 16
  7. MFDF webinar - M&A and Consolidation in Asset Management, July 16
  8. MFDF webinar - ETF Conversions, July 17
  9. MFDF Director Discussion Series - Open Forum (New York), July 22
  10. MFDF Ask Anything webinar - AI Edition, July 24
  11. MFDF webinar - Use of Derivatives by RICs, July 29
  12. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  13. Samfund Soiree Boston 2025, August 21
  14. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  15. ICI ETF Conference, Sep 8-10
  16. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  17. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  18. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  19. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  20. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  21. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  22. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  23. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  24. 10th annual Fuse Forum, October 8
  25. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  26. 2025 MMI Annual Conference, Oct 15-17




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use