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July 28, 2017 at 02:21 AM
Vanguard, the giant mutual fund company, is adding two international balanced funds to its actively managed lineup, both managed by longtime Vanguard subadvisor Wellington Management, with an expected launch in mid-October..
The Global Wellington Fund is a diversified portfolio investing approximately 65% of its assets in equities and 35% in fixed income securities in pursuit of long-term capital appreciation and moderate current income.
(Related: Vanguard, Schwab Blow Other Firms Away on Asset Growth)
The Global Wellesley Income Fund reverses those allocations to 65% bonds, 35% stocks in order to achieve high and sustainable current income along with moderate long-term capital appreciation.
(Related: Vanguard Preps to Offer Actively Managed ETFs)
“The Global Wellington and Global Wellesley Income Funds will offer investors the convenience of a turnkey investment program in a single fund, providing broad diversification among global stocks and bonds,” said Vanguard CEO Bill McNabb.
“The funds reflect a thoughtfully constructed mix of domestic and international securities and represent Vanguard’s fundamental, time-tested investment principles — balance, diversification, discipline, low cost, and a long-term orientation.”
