Vanguard Introduces New Pooled Investment Fund
Apr 19, 2017, 09:00 ET
Global All-Cap ex Canada Equity Index Pooled Fund now available to institutional investors through new low-cost pooled fund
TORONTO, April 19, 2017 /CNW/ - Vanguard Investments Canada Inc. today announced its low-cost Global All-Cap ex Canada Equity Index Pooled Fund is available to Canadian institutional investors. Vanguard now offers eight pooled investment vehicles in Canada, with five equity and three fixed income strategies.
"Canadian plan sponsors and institutional clients are looking for thoughtfully constructed and enduring global investment strategies in a simple and low-cost vehicle, and we are pleased to meet that need," said Atul Tiwari, managing director for Vanguard Investments Canada Inc. "This new pooled fund builds on the recent launch of our 10 target retirement funds and complements our existing suite of Vanguard Pooled Funds as we continue to grow our footprint in the institutional investor marketplace."
Vanguard Global All-Cap ex Canada Equity Index Pooled Fund – This fund seeks to track the performance of a broad global equity index that focuses on developed and emerging markets, excluding Canada. It invests directly or indirectly primarily in large-, mid- and small-capitalization stocks of companies located in developed and emerging markets, excluding Canada.
Vanguard pooled funds are available to qualified institutional investors. Most of these funds also serve as underlying investments for Vanguard Target Retirement Funds.
Vanguard offers 33 ETFs in Canada, with over $10 billion (CAD) in assets under management (as of March, 31, 2017).
Vanguard Investments Canada Inc. is a wholly owned indirect subsidiary of The Vanguard Group, Inc. and manages more than CAD 10 billion in assets. The Vanguard Group, Inc. is one of the world's largest investment management companies and a leading provider of company-sponsored retirement plan services. Vanguard manages USD 4.2 trillion in global assets, including over USD 600 billion in global ETF assets (as of February 28, 2017). Vanguard has offices in the United States, Canada, Europe, Australia and Asia. The firm offers more than 360 funds, including ETFs, to its more than 20 million investors worldwide.
Vanguard operates under a unique operating structure. Unlike firms that are publicly held or owned by a small group of individuals, The Vanguard Group, Inc. is owned by Vanguard's U.S.-domiciled funds and ETFs. Those funds, in turn, are owned by Vanguard clients. This unique mutual structure aligns Vanguard interests with those of its investors and drives the culture, philosophy, and policies throughout the Vanguard organization worldwide. As a result, Canadian investors benefit from Vanguard's stability and experience, low-cost investing, and client focus. For more information, please visit vanguardcanada.ca.
This material is for informational purposes only. This material is not intended to be relied upon as research, investment, or tax advice and is not an implied or express recommendation, offer or solicitation to buy or sell any security or to adopt any particular investment or portfolio strategy. Any views and opinions expressed do not take into account the particular investment objectives, needs, restrictions and circumstances of a specific investor and, thus, should not be used as the basis of any specific investment recommendation.
This material does not constitute an offer or solicitation and may not be treated as an offer or solicitation in any jurisdiction where such an offer or solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so.
In this material, references to "Vanguard" are provided for convenience only and may refer to, where applicable, only The Vanguard Group, Inc., and/or may include its affiliates, including Vanguard Investments Canada Inc.
SOURCE Vanguard Investments Canada Inc.
For further information: Matt Gierasimczuk, Vanguard Canada Public Relations, Phone: 416-263-7087, [email protected]
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