Vanguard has announced the launch of four new UK domiciled actively managed funds, to be managed by external advisors.
Two of the funds will invest in global equities, the third invests in emerging markets equities, and the fourth will be balanced comprising global equities and fixed income.
John James, managing director for Vanguard Europe comments on the launch “Although Vanguard is a globally recognised indexing expert, we have successfully managed active funds in the US for more than forty years and we have nearly US$1trn in global active assets under management.”
The Vanguard Global Equity Fund is managed by Baillie Gifford (50%) and Wellington Management (50%) with an ongoing charges figure of 0.60%.
The Vanguard Global Equity Income Fund is managed by Wellington Management (65%) and the Vanguard Quantitative Equity Group (35%) with an ongoing charges figure of 0.60%.
The Vanguard Global Emerging Markets Fund is managed by Baillie Gifford (33.3%), Oaktree (33.3%) and Pzena Investment Management (33.3%). It has an ongoing charges figure of 0.80%.
The Vanguard Global Balanced Fund is managed by Wellington Management (35% Fixed Income, 65% Equity) with an ongoing charges figure of 0.60%.