Aug. 19, 2004 — Vanguard Group closed its $1.4-billion Vanguard International Explorer Fund (VINEX), effective immediately.
The company said the portfolio has received approximately $500 million in additional cash flow since January 15, when the fund’s minimum investment requirement was raised to $25,000 from $10,000 in response to strong and rapid cash inflows.
Vanguard noted that this is the fifth fund — and second international-oriented fund — it has closed in the past eight months.