Vanguard has announced the launch of three Australia-domiciled quantitative active funds that will be made available to institutional investors and financial advisers.
The quantitative equity division of Vanguard has launched the Vanguard Global Quantitative Equity Fund, the Vanguard Global Value Equity Fund and the Vanguard Global Minimum Volatility Fund.
Each fund has a management cost of 45 basis points and is run according to a rules-based quantitative approach.
The Global Value Equity Fund favours securities that have lower prices relative to their fundamental measures of value; the Global Minimum Volatility Fund hedges foreign equity holdings back to Australian dollars; and the Global Quantitative Equity Fund evaluates international equity securities on characteristics such as valuation, quality and growth.
Vanguard managing director Colin Kelton said the introduction of the new funds would make low-cost active solutions available to Australian investors.
“Vanguard has a long-held conviction that there is a role for both index and active investments in a portfolio, and we are excited to offer Australian investors low-cost solutions in both active and index funds,” Mr Kelton said.
“Our first active products are quantitative equity strategies and they bear the hallmarks of all Vanguard funds, diversification and low cost.”
The wealth giant has lost its freshly appointed chief risk officer at a pivotal time for the company as its acquisition of ANZ’s OnePath b...
Underestimating the appetite of premium quality borrowers has led to a revenue downgrade for fintech business lender Prospa and a 28 per cen...
Boutique asset management group Copia Investment Partners has announced a strategic partnership with ECP Asset Management, an Australian equ...