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

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

Rating:Vanguard Makes Belgian Ally Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, June 18, 2003

Vanguard Makes Belgian Ally

by: Sean Hanna, Editor in Chief

Brussels-based Vanguard Investments Europe has inked a distribution pact with Cortal Consors, also of Belgium. The deal is the first retail-distribution agreement that Vanguard has cut with a European broker-dealer. Until now, Vanguard Europe has focused on the direct-sold institutional channel in that market.

Cortal Consors will offer the Vanguard funds through its new Cortal Avenue product. That program will let investors open accounts with as little as EUR 25,000. Investors currently face a EUR 100,000 minimum initial investment to invest in Vanguard funds.

Vanguard funds will make up the "core" of the Cortel Avenue product. Sixty percent of the assets in these accounts will be invested in equity and bond index funds from Vanguard that are available for distribution in Europe. The remainder of the portfolio will be invested in actively managed funds "satellite" funds selected by Cortal Consors.

Cortal hopes to be able to offer a cost-competitive offering by mixing the Vanguard funds with actively managed products.

"This innovative product will bring for the first time in Belgium the highly performing and sophisticated "Core/Satellite" approach traditionally reserved to institutional or ultra-high-net-worth investors," said Guillaume Prache of Vanguard Investments Europe in a statement.  

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