The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Vanguard
Vanguard, the US asset management group, has announced plans to launch Vanguard International Dividend Growth Fund, an actively managed equity fund.

“Investors can use the International Dividend Growth Fund as a meaningful component of their international equity holdings, and it can be paired with the US-focused Dividend Growth Fund to build a globally diversified, actively managed equity allocation,” Dan Reyes, global head of the Portfolio Review Department at Vanguard, said.

The International Dividend Growth Fund’s portfolio manager will construct a high-conviction portfolio of companies with strong balance sheets and high, sustainable free cash flows. The portfolio manager will select companies that are expected to grow their dividends sustainably over the long term. 

Vanguard expects the fund to be available for investment in the fourth quarter of 2023 with an expense ratio of 0.54 per cent. The fund will have a single share class with a minimum initial investment of $3,000.

The fund will be advised by the same experienced investment team at Wellington Management and managed by Peter Fisher, who also co-manages the Vanguard Dividend Growth Fund alongside portfolio manager Don Kilbride. 

As of June 30, 2023, Wellington Management oversaw more than $405 billion of Vanguard fund assets globally.