In addition, Vanguard will close the Vanguard Federal Money Market Fund to all new accounts and to additional purchases from current institutional accounts. A $10,000 daily investment limit has been placed on current retail accounts. The moves are being made to ensure that the yields remain competitive, says Bill McNabb, Vanguard CEO.
Northern Trust Offers E-Books
Northern Trust Global Investments is offering two free e-books to help advisors talk to clients about the advantages of investing in fixed-income assets.
The e-books are written in an easy-to-understand format with documentation for the use of fixed income. Northern Trust Global Investments has $522.3 billion in assets under management with $168.5 billion in United States fixed-income investments.
The books are downloadable from the Northern Trust Web site at www.northerntrustinvestments.com/fixedology or from the home page at www.northerntrustinvestments.com.