Vanguard has launched a money market fund with the aim of delivering capital stability, liquidity and a reliable income stream that beats cash over the long term.
The Vanguard Sterling Short-Term Money Market fund was launched today (17 July) with the A sterling share class carrying an ongoing charge figure (OCF) of 0.15%, while the "institutional plus" sterling share class OCF costs 0.10% per annum. The UK-domiciled fund will be managed by a team of specialist fund managers that sit in the fixed income group. Matthew Piro, head of product, Europe, said the fund would focus on short-dated and high-quality investments with a view to minimising risk. Investors seek fixed income and money market funds amid heightened risk aversion He added: ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
