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Monday, June 06, 2011

Vanguard, Eh?

News summary by MFWire's editors

Vanguard [see profile] is taking its discounted mutual fund fees north of the border to Canada, the Financial Post reports.

According to the pub, two senior Vanguard executives are meeting today with local fundsters in Toronto, and itís expected an announcement about the companyís Canadian plans will be made later in the day, in advance of the Canada Cup of Indexing conference on Tuesday, which Vanguard will also attend. One of the executives is Dennis Duffy, Vanguardís director of business development ex-America, responsible for Canada, the Carribbean and Latin America.

Spokeswoman Rebecca Katz told the pub that the firm has been eyeing the Canadian market for years and anticipates having an announcement soon. However, she declined to specify if Vanguard is looking to market its mutual funds, ETFs or both. 

Edited by: Hung Tran

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