MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, July 24, 2007 Vanguard Share Class Switch-Up Upsets Some Advisors Vanguard's move to require advisers to purchase the new Signal share class instead of the Admiral share class on certain index funds did not sit well with some advisors, Investment News reports. The Signal shares have the same expense ratio as the Admiral shares, lower than that of Vanguard's entry-level investor share, but they come with a catch. Advisers will now have to come up with $5 million minimum per fund at the firm level to buy them. According to some advisers, this will constrict their ability to offer clients Vanguard's index funds at the cheapest price. Printed from: MFWire.com/story.asp?s=15167 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |