MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, October 22, 2013 Vanguard's Simplification Bug Hits Payout Funds Vanguard's [profile] simplifying bug has hit its managed-payout products, reports Jason Kephart of InvestmentNews. The low cost giant is doing away with the $110 million Vanguard Managed Payout Growth Focus Fund, with a targeted 3 percent distribution, and the $804 million Vanguard Managed Payout Distribution Focus Fund, which has a 7 percent distribution target. They will both be merged into the $531 million Vanguard Managed Payout Growth and Distribution Fund, with a 5 percent distribution target. Printed from: MFWire.com/story.asp?s=46518 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |