VALLEY FORGE, Pa., Nov. 30, 2017 /PRNewswire/ -- Vanguard has appointed seven experienced investment management professionals as portfolio managers of 23 equity index funds, including some of the largest index funds in the world. Vanguard, which manages $3.56 trillion in index fund assets, periodically rotates its portfolio management staff across the globe in order to strengthen the breadth and depth of the firm's investment management capabilities.
"For more than 40 years, Vanguard has been an industry leader in developing and managing index funds, employing seasoned professionals, and using proprietary trading strategies to manage portfolios effectively and efficiently," said Vanguard Chief Investment Officer Greg Davis. "With these changes, our clients across the globe can benefit from the nearly 100 years of combined investment management experience these portfolio managers bring to the funds."
The following portfolio management assignments have been announced:
"These recently named portfolio managers are able to draw on their diverse perspectives and deep knowledge of Vanguard's fund management approach to help ensure we deliver precise tracking to our benchmarks and competitive investment performance to our clients," said Joe Brennan, Global Head of Vanguard's Equity Investment Group.
About Vanguard Vanguard is one of the world's largest investment management companies. As of October 31, 2017, Vanguard managed $4.8 trillion in global assets. The firm, headquartered in Valley Forge, Pennsylvania, offers more than 376 funds to its more than 20 million investors worldwide. For more information, visit vanguard.com.
The changes are effective with the filing today of prospectus amendments that detail the portfolio manager assignments.
The funds' investment philosophies, objectives, strategies, and overall portfolio management processes remain unchanged.
All investing is subject to risk, including possible loss of principal.
All data as of October 31, 2017, unless otherwise noted.
For more information about Vanguard funds, visit vanguard.com or call 800-523-1036 to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.