Vanguard's New Small-Cap Fund
Vanguard announced yesterday that it plans to offer a new small-capitalization fund, the Vanguard Strategic Small-Cap Equity Fund. The fund may provide a smaller alternative to the Vanguard Explorer Fund (VEXPX) which boasts assets under management in excess of $10 billion. The new fund will be the second actively managed stock fund advised in its entirety by Vanguard's Quantitative Equity Group, which currently oversees more than $400 billion in index and quantitative equity assets. The Vanguard Quantitative Equity Group will employ computer-driven models to invest in stocks in the MSCI Small-Cap 1750 Index that, "the adviser believes offer a good balance between reasonable valuations and attractive growth prospects relative to their peers," according a press release in the firm's
press room.
Posted by
KenW at 12:07 PM
Edited on: Thursday, February 02, 2006 12:08 PM
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