Vanguard Reopens Dividend Growth Fund

The Vanguard Group, a global investment management company headquartered in Valley Forge, Pa., said that after closing its $36.6 billion Dividend Growth Fund to all new accounts in July 2016, it is reopening the fund.

Introduced in May 1992, the actively managed fund focuses on high-quality companies that can grow their dividends over time.

Wellington Management Company LLP remains the fund’s investment advisor.

Vanguard also announced plans to broaden access to two actively managed alternative investment funds: the Vanguard Alternative Strategies Fund and the Vanguard Market Neutral Fund. The minimum initial investment requirement for both funds will be reduced from $250,000 to $50,000, which is the same as the newly launched Vanguard Commodity Strategy Fund.

Vanguard’s three alternative investment funds, managed by the firm’s Quantitative Equity Group, will share a standard minimum.

The Vanguard Alternative Strategies Fund will concurrently be opened to financial advisors, institutional investors and clients of the Vanguard Flagship and Vanguard Personal Advisor services. The fund is currently available only to institutional investors enrolled in Vanguard Institutional Advisory Services, and as an underlying holding of the Vanguard Managed Payout Fund.

The changes will go into effect in the fourth quarter of 2019.

Chalice Launches Platform Solution To SEC Regulation Best Interest

First « 1 2 3 » Next