Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Vanguard Wellington Becomes an Octogenarian Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, July 9, 2009

Vanguard Wellington Becomes an Octogenarian

by: John Alzate

Vanguard Wellington Fund commemorates its 80-year anniversary this month as it continues to retain the steady success that has been a hallmark of its eight-decade run as the first balanced mutual-fund, wrote Sam Mamudi in Thursday's Fund Track column in the Wall Street Journal. The WSJ column briefly touched upon the fund's history from its Depression-era beginnings through its "lost decade" years and today. However, Mamudi's piece overlooked an important piece of history: Wellington Fund's former chairman Jack Bogle's push for Wellington Management to merge with Boston-based Thorndike, Doran, Paine & Lewis, which managed Ivest Fund, a go-go fund. After the merger, there was a dispute between Bogle and the Boston parters, which ultimately led to Bogle forming the Vanguard Group. Vanguard then employed Wellington as a sub-adviser.

Wellington Fund is in the top five percentile of its category for five- and ten- year returns and was up 5.1% in the first six months of the year, according to Morningstar. The fund currently maintains $40 billion in assets, with approximately 35 percent of its portfolio in fixed-income securities.

Thursday's column quoted Edward Bousa, co-manager of Wellington Fund, and referenced quotations from Bogle and Wellington founder Walter Morgan. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use