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 |
|
Friday, November 2, 2007 Vanguard Puts Tax-Exempt Bond Funds Under New Management Vanguard's five tax-exempt bond funds are under new management today. Reid Smith will now manage the Vanguard Intermediate-Term Tax Exempt Fund, the Vanguard Long-Term Tax Exempt Fund, and the bond portion of the Vanguard Tax-Managed Balanced Fund. John Carbone will manage the Vanguard New York Long-Term Tax-Exempt Fund and the Vanguard Massachusetts Tax-Exempt Fund. The portfolio management responsibilities for five Vanguard® tax-exempt bond funds have been re-assigned to two veteran municipal bond managers in the Vanguard Fixed Income Group, as follows: • Reid O. Smith has assumed portfolio management responsibilities for Vanguard Intermediate-Term Tax Exempt Fund, Vanguard Long-Term Tax Exempt Fund, and the bond portion of Vanguard Tax-Managed Balanced Fund. • John M. Carbone has assumed responsibility for Vanguard New York Long-Term Tax-Exempt Fund and Vanguard Massachusetts Tax-Exempt Fund. Vanguard Fixed Income Group oversees nearly $360 billion in assets, including almost $130 billion in municipal bond and money market funds. Printed from: MFWire.com/story.asp?s=16323 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |