Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
Wealth & Assets Management
Mutual Funds
Return to: BBR Home | Wealth & Assets Management | Mutual Funds

Vanguard to launch new emerging markets stock fund

BBR Staff Writer Published 29 March 2011

Pennsylvania-based investment management firm Vanguard is set to launch a new Emerging Markets Select Stock Fund, a new equity fund that complements its existing emerging markets index fund.

In this regard, Vanguard has filed a registration statement with the US Securities and Exchange Commission.

The new fund has multi-managed approach and it will be managed by four advisors, where each them will initially oversee 25% of the fund's assets.

The four advisors of the fund are M&G Investment Management, Oaktree Capital Management, Pzena Investment Management and Wellington Management.

M&G's portfolio managers Matthew Vaight and Michael Godfrey will use a valuation-based, return on capital-focused approach to create a portfolio with no country or sector constraints.

Oaktree's portfolio managers, Tim Jensen and Frank Carroll, will employ a bottom-up research process to invest in a diversified portfolio, limiting exposures by country and industry to avoid concentrated bets.

Pzena Investment will follow a deep value strategy to invest in stocks based on the research of the three portfolio managers, John Goetz, Caroline Cai, and Allison Fisch, supported by a team of analysts.

Wellington's portfolio manager Cheryl Duckworth, along with its team of industry analysts, will seek to add value through in-depth fundamental research.

Vanguard CEO Bill McNabb said that the Vanguard Emerging Markets Select Stock Fund will offer a relatively low-cost, diversified option for investors who prefer an actively managed approach to this segment of the global market.

"The new fund also provides investors with access to the best thinking of four highly regarded firms that have expertise in navigating this part of the investment world," McNabb said.