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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
December 10, 2004 at 07:00 PM
Dec. 10, 2004 — Vanguard Group closed the Vanguard Energy Fund (VGENX) to new investors yesterday to stem the amount of money flooding into the fund, whose assets have more than doubled this year.
The company said it was worried that investors might be chasing hot returns in the fund, which had $5.3 billion in assets at the end of November, up from $2.4 billion at the end of 2003. The fund, its best performer this year, returned 55.2% over the 12 months ended in November, Vanguard said.
“Vanguard funds are designed for long-term investors, and we are concerned that some investors may be gravitating toward” the fund because of its “recent short term performance record,” company chairman Jack Brennan said in a statement.
Contact Bob Keane with questions or comments at: [email protected]
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