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

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

Rating:Vanguard Makes Moves with Fund Policies Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, May 28, 2004

Vanguard Makes Moves with Fund Policies

by: Theresa Sim

Vanguard Raises its Energy Fund's Minimum

Vanguard has upped the minimum investment for the Vanguard Energy Fund to a whopping $25,000 from $3,000, or $1,000 for IRA or custodial accounts.

The board also voted to eliminate a rule barring the fund from holding more than 50 percent of its portfolio in foreign stocks. The fund held 41 percent in foreign stocks at the end of April. "The change will enable the investment advisor, Wellington Management Company, LLP, to better adapt to the globalization of the energy industry," stated officials.

******
Vanguard's Precious Metals Fund, Less Precious

The fund, closed since June 2002, is slated to open again on May 28 to investments of at least $10,000. The fund's name will also be changed to the Precious Metals and Mining Fund to reflect a shift in strategy.

******
Name Changes Abound for Corporate Bond Funds

Four Vanguard corporate bond funds will be allowed to invest in a broader range of fixed income products, including U.S. Treasury, agency, and mortgage-backed securities starting in July 2004. Currently, the funds are required to invest at least 80 percent of assets in corporate investment grade fixed income; after July, the requirement will extend to all investment grade fixed income.

The names of the funds will change accordingly: Vanguard Short-Term Corporate Fund will change to Vanguard Short-Term Investment-Grade Fund, Vanguard Intermediate-Term Corporate Fund will change to Vanguard Intermediate-Term Investment-Grade Fund, Vanguard Long-Term Corporate Fund will change to Vanguard Long-Term Investment-Grade Fund and Vanguard Variable Insurance Fund-Short-Term Corporate Portfolio will change to Vanguard Variable Insurance Fund-Short-Term Investment-Grade Portfolio. 

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
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




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use