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Vanguard to introduce first suite of mutual funds in Canada

By The IJ Staff | February 23 2018 09:45AM

Photo: Freepik

Vanguard Investments Canada announced Feb. 22 that it has filed a preliminary prospectus with Canadian securities regulators to offer four low-cost, actively managed mutual funds. This will be Vanguard's first suite of mutual funds in Canada. The firm currently offers 36 Exchange Traded Fund products in the Canadian market.

Several subadvisors

Vanguard says its mutual funds are each expected to have a maximum management fee of 0.50 per cent for Series F. The funds will be managed by Vanguard and several subadvisors including Baillie Gifford Overseas Limited, Pzena Investment Management, LLC, Schroder Investment Management North America Inc., The Vanguard Group, Inc., and Wellington Management Canada LLC.

The four new Vanguard mutual funds are the Vanguard Global Balanced Fund, the Vanguard Global Dividend Fund, the Vanguard US Value Windsor Fund and the Vanguard International Growth Fund.

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