Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Vanguard cuts fees on multi-asset trackers

Vanguard cuts fees on multi-asset trackers

Vanguard has reduced the charges for its range of LifeStrategy multi-asset index funds, and tweaked their investment policies.

From 31 January, the funds’ annual management charges and pre-set dilution levies (PDL) will change as shown below.

Fund Current AMC / TER New AMC / TER Current PDL New PDL
Vanguard LifeStrategy™ 20% Equity Fund 0.29% 0.29% 0.27% 0.18%
Vanguard LifeStrategy™ 40% Equity Fund 0.30% 0.29% 0.25% 0.17%
Vanguard LifeStrategy™ 60% Equity Fund 0.31% 0.29% 0.24% 0.17%
Vanguard LifeStrategy™ 80% Equity Fund 0.32% 0.29% 0.24% 0.17%
Vanguard LifeStrategy™ 100% Equity Fund 0.33% 0.29% 0.22% 0.16%

The funds, which blend equity and bond exposure, will adjust their asset allocation policy on the same date by adding global bonds to their fixed income component. They will retain a marginal overweight to UK securities, though.

The products will also convert from a non-Ucits retail scheme structure to a Ucits format.

Vanguard will bear all the costs of the conversion, including the dealing costs incurred in transitioning to the new asset allocation policy.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play From Private Bank to Private Office: the next generation of ultra high net worth investors

From Private Bank to Private Office: the next generation of ultra high net worth investors

Citywire's Anna Dumas highlights the trend towards private and family offices.

Play Inside ETFs: how to defend against bond volatility

Inside ETFs: how to defend against bond volatility

In this latest episode we call in experts from 7IM and Markit to assess how the bond sell-off has impacted ETFs.

Play The future of wealth management according to disruptive tech expert Andrew Tarver

The future of wealth management according to disruptive tech expert Andrew Tarver

Three private office investors direct their questions about the future of wealth management, to Andrew Tarver, founder of Boldrocket and disruptive tech expert.

Your Business: Cover Star Club

Profile: Stenham's CIO on the strange persistence of hedge funds

Profile: Stenham's CIO on the strange persistence of hedge funds

Stenham Asset Management chief investment officer Kevin Arenson believes hedge funds are making a comeback

Wealth Manager on Twitter