Vanguard news and announcements | Vanguard

Vanguard news and announcements | Vanguard <a href=\"#14\">Contact Public Relations</a>\r\n"}}" id="text-1be3e66023" class="cmp-text" style="color:#040505; background-color: "> Contact Public Relations Pressroom\r\n"}}" id="text-b1b632bd8a" class="cmp-text" style="color:#040505; background-color: "> Pressroom Vanguard news and announcements\r\n"}}" id="text-54c7c62765" class="cmp-text" style="color:#040505; background-color: "> Vanguard news and announcements View by: All Search Pressroom December 09, 2020 Vanguard Publishes 2021 Economic and Market Outlook Report In Vanguard’s annual global economic and market outlook, we outline our expectations for growth and market returns and what investors can focus on to increase their odds of investment success. December 03, 2020 Vanguard Announces Senior Leadership Changes Vanguard announced several senior leadership changes. Chris McIsaac, currently head of Vanguard’s Planning and Development Division, has been named head of Vanguard’s International business. December 03, 2020 Vanguard Introduces How America Invests Building upon decades of thought leadership and investor advocacy, Vanguard introduced How America Invests, a comprehensive analysis of Vanguard investor behavior. October 15, 2020 Long-Tenured Principal in Equity Index Group Retires Vanguard announced that Michael Buek, a long-tenured principal in Vanguard Equity Index Group and head of U.S. trading, will retire at the end of December 2020, after 33 years with the firm. October 09, 2020 Vanguard Adds Sprucegrove Investment Management as External Advisor Vanguard announced Sprucegrove Investment Management Ltd. (Sprucegrove) will be added to the firm’s distinguished roster of world-class active management expertise. September 25, 2020 Vanguard Takes Steps to Align Municipal Money Market Lineup with Changing Market Dynamics Vanguard announced steps to align its money market lineup with changing market dynamics. Vanguard has a long history of refining its fund offerings in an effort to best meet investors’ needs and to adapt to shifting market dynamics. After careful review, Vanguard determined that the limited supply of specific short-term municipal securities available in Pennsylvania (PA) and New Jersey (NJ) makes it no longer possible to meet the investment objectives and maintain the diversification and risk profile of the $1.8 billion Vanguard Pennsylvania Municipal Money Market Fund and the $1.2 billion Vanguard New Jersey Municipal Money Market Fund. Vanguard has closed both funds to new investors and plans to liquidate each of the funds in November. Vanguard will continue to invest in the PA and NJ money market universes as part of its national Municipal Money Market Fund and its PA and NJ long-term tax-exempt funds. September 24, 2020 Vanguard Launches ESG U.S. Corporate Bond ETF Vanguard launched its first fixed income environmental, social, and governance (ESG) ETF for U.S. investors, Vanguard ESG U.S. Corporate Bond ETF (VCEB). The ESG ETF provides investors access to the U.S. corporate bond market and expands Vanguard’s current index-and-actively-managed ESG offerings. Vanguard ESG U.S. Corporate Bond ETF seeks to track the performance of Bloomberg Barclays MSCI U.S. Corporate SRI Select Index and is listed on the Chicago Board Options Exchange (Cboe) with a low expense ratio of 0.12%. September 15, 2020 Vanguard Publishes 2020 Annual Investment Stewardship Report Vanguard unveiled its 2020 Investment Stewardship Annual Report, which provides an in-depth view into company engagements, including case studies, the rationale for a number of votes, and summaries of its mutual funds’ voting activities from the year ended June 30, 2020. Additionally, Vanguard also announced the appointment of John Galloway as Vanguard’s new Global Head of Investment Stewardship. August 27, 2020 Vanguard Announces Changes to Money Market Fund Lineup Vanguard announced changes to its taxable money market fund lineup. July 29, 2020 Vanguard to Seek Shareholder Approval for Value Fund Merger and Change to Diversification Status of Five Funds Vanguard announced it would seek shareholder approval to merge the $1.1 billion Vanguard U.S. Value Fund into the $77.2 billion Vanguard Value Index Fund. Effective immediately, Vanguard U.S. Value Fund is closed to new shareholder accounts. The firm also announced plans to seek shareholder approval to change the diversification status of five funds. July 14, 2020 Vanguard and Infosys Announce Strategic Partnership Vanguard announced it will partner with Infosys (NYSE: INFY) as part of its ongoing strategy to enhance and evolve its full-service defined contribution (DC) business. This strategic partnership will deliver a technology-driven approach to plan administration and fundamentally reshape the corporate retirement plan experience for its sponsors and participants. July 14, 2020 Vanguard Announces Senior Leadership Rotations Vanguard announced a number of leadership changes. June 26, 2020 Vanguard Announces Support Of Historically Black Colleges And Universities Impacted By Global Pandemic Vanguard announced an effort that began in early May to support Historically Black Colleges and Universities (HBCUs), which have been disproportionately impacted by COVID-19. The firm contributed $100,000 to the Thurgood Marshall College Fund’s COVID-19 HBCU Emergency Fund, which provides resources to ensure students and faculty have access to virtual learning tools, mental health support, and tuition assistance. In addition, Vanguard provided $50,000 in direct emergency support to each of the following schools: Delaware State University, Florida A&M University, Hampton University, Howard University, and North Carolina A&T State University. June 23, 2020 Vanguard, Symbiont And Partners Collaborate To Accelerate Digitization Of Currency Forward Market Using Blockchain Technology Vanguard, in collaboration with technology provider Symbiont, and in conjunction with Bank of New York Mellon, State Street, and Franklin Templeton, is actively exploring the application of distributed ledger technology (DLT) to foreign-exchange forwards, bringing transparency and workflow efficiencies to the over-the-counter currency market. As part of this pilot, Vanguard has simulated multiple 30-day FX forward contracts with its partners in the initiative – a proof of concept that is reflective of how the firms would conduct the first test trades of FX forwards on a DLT network in the future. June 11, 2020 Vanguard Advances Blockchain Technology Pilot To Streamline Asset-Backed Securities Markets Vanguard, in partnership with technology provider Symbiont, announced the completion of the first phase of a blockchain pilot designed to digitize the issuance of asset-backed securities (ABS). In close collaboration with a large US ABS issuer, as well as BNY Mellon, Citi, and State Street, Vanguard successfully modeled the full lifecycle of an ABS settlement on distributed ledger technology (DLT) network by replicating end-to-end transaction flows. June 10, 2020 Vanguard: Automatic Features Help Employee Participants Stay the Course During Market Volatility Vanguard’s 2020 edition of How America Saves, the industry’s definitive report on Americans’ retirement saving habits, found that automatic plan features helped millions of 401(k) participants adhere to their financial goals, even amid severe market volatility resulting from the coronavirus pandemic. April 16, 2020 Vanguard Closes Treasury Money Market Fund to New Investors Vanguard closed its $39.5 billion Treasury Money Market Fund (VUSXX) to new shareholder accounts. The company is seeking to protect existing Fund shareholders from high levels of cash flow that could potentially accelerate reductions to the Fund’s yield. Existing shareholders of the Fund can continue to make purchases with no limits. April 01, 2020 Vanguard Measures the Emotional Value of Financial Advice Emotional elements, such as trust and personal connection with an advisor or advisory service, account for about 40% of investors’ perceived value of financial advice, according to new Vanguard research. March 23, 2020 Vanguard to Streamline Value Fund Lineup with Planned Merger Vanguard has announced plans to merge the $770 million Vanguard Capital Value Fund into the $17.6 billion Vanguard Windsor Fund. Following the merger, which is expected to be completed in mid-2020, the combined fund will retain the Windsor Fund name and continue to focus on large- and mid-capitalization value stocks. February 28, 2020 Vanguard Announces Changes to Managed Payout Fund Vanguard today announced forthcoming changes to Vanguard Managed Payout Fund, including renaming it Vanguard Managed Allocation Fund, adding a new portfolio manager, and eliminating monthly payouts in favor of an annual distribution. The change to the portfolio management team is effective immediately; the investment objective and principal investment strategy will be changed in the second quarter to reflect the cessation of monthly payments. The last payment will be made in May. February 26, 2020 Vanguard Finds Muted Investor Expectations For Market Returns And Dislocations In a report released, Vanguard researchers present results from a new survey that examines investor expectations for U.S. stock returns, GDP growth rates, and bond returns. Citing data obtained during a series of surveys issued to Vanguard retail clients and 401(k) participants, Investor expectations: A new survey revealed investors assigned a 72% probability of conventional equity market returns (defined as a one-year return ranging from –10% to 30%), and anticipated one-year stock market returns of roughly 5%. February 20, 2020 Vanguard Reports Expense Reductions on Stock and Bond ETFs In fund annual reports, Vanguard reported lower expense ratios on four ETFs, including the $8.3 billion Vanguard Extended Market ETF, the $21.9 billion Vanguard Short-Term Bond ETF, the $12.6 billion Vanguard Intermediate-Term Bond ETF, and the $4.8 billion Vanguard Long-Term Bond ETF. Vanguard also reported lower expenses on three mutual fund share classes of Vanguard Extended Market Fund. February 19, 2020 Vanguard Partners With EQ To Offer Stock Plan Administration To 401(k) Participants Vanguard, a leading provider of defined contribution (DC) recordkeeping and investment management services, today announced a partnership with EQ, a leading shareholder services company, to provide equity compensation services to plan sponsor clients and their participants. The offer will enable employers to seamlessly integrate their employee equity compensation plan with their existing DC plan and provide participants with an intuitive, one-stop platform designed to simplify administration, streamline transactions, and inform financial decisions. February 11, 2020 Vanguard Research Finds Financial Advice Improves Portfolio Diversification For 9 In 10 Investors In a new Vanguard white paper, The value of advice: Improving portfolio diversification, researchers Cynthia Pagliaro and Steve Utkus demonstrate the material impact of financial advice on the construction of individual investors’ portfolios. Analyzing the asset allocations of more than 44,000 Vanguard self-directed investors who adopted Vanguard Personal Advisor Services, the researchers found the implementation of advice improved portfolio construction for nearly 90% of the investors by addressing equity risk-taking, increasing international exposures, and reducing cash holdings. February 05, 2020 Vanguard And HarbourVest Announce Private Equity Partnership Vanguard and HarbourVest today announced a strategic partnership to provide qualified investors with access to private equity and the potential to earn higher returns and achieve increased diversification. January 02, 2020 Vanguard Continues to Lower the Cost o…