New Fund Fuss - July 27, 2017
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Thursday, July 27, 2017

New Fund Fuss - July 27, 2017

Company: The Vanguard Group

New Funds: Global Wellington Fund and Global Wellesley Income Fund

On July 26, Vanguard launched the Global Wellington Fund and Global Wellesley Income Fund in order to expand its balanced fund family. Wellington Management Company LLC will serve was the investment advisor for the funds.

The Global Wellington Fund is designed to provide long-term capital appreciation and moderate income though a globally diversified portfolio investing in both equities and fixed income securities. It will allocate 65 percent of its assets in equities and 35 percent of its assets in fixed income securities.

The Global Wellesley Income Fund is the inverse of the Global Wellington Fund, designed to have a more conservative structure by investing 65 percent of its assets into fixed income securities and 35 percent into equities in order to generate a high and sustainable level of current income.


Company: Equinox Fund Management

Structural Changes: Equinox Chesapeake Strategy Fund

On July 26, the Equinox Chesapeake Strategy Fund changed its principal investment strategy and modified its fees. It will now obtain exposure to the flagship managed futures trading program of Chesapeake Capital Corporation. Chesapeake is now a sub-advisor to the Fund and Equinox, as an advisor, will be paid 150 bps annually.


Company: Morningstar and Sustainalytics

Partnership: Sustainability Collaboration

On July 24, Morningstar acquired a 40 percent ownership stake in Sustainalytics, a global provider of environmental, social, and governance (ESG) research and ratings. This direct investment represents an expansion in their sustainability collaboration which started in August 2015 and is a milestone for Morningstars' long-term sustainability strategy to deliver high quality and innovative ESG products and services.


To learn more about recent fund launches, check our most recent New Fund Fuss here. For information about SEC filings or new hires, check out our latest Filings For Fundsters and Follow the Fundsters columns, respectively. For job opportunities in the industry, explore our The Next Gig column. If you have a fund filing that you would like to point out, a mutual fund launch, product change or new hire that you would like to announce, please contact the MFWire team at

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