Vanguard is preparing to launch an actively managed mutual fund that will invest primarily in “environmental companies,” according to a regulatory filing made last week.
The financial giant’s Vanguard Global Environmental Opportunities Stock Fund could go live as soon as Nov. 2 and will be subadvised by Ninety One North America, a subsidiary of the similarly named UK-based firm.
The forthcoming fund will hold about 25 global companies in its portfolio, including those the adviser finds contribute “positively to environmental change.” That will be determined by “mapping such company's revenues to certain industry sub-sectors … aligned to the process of decarbonization,” the initial prospectus states. Those holdings can be related to renewable energy, electrification and resource efficiency, but are not limited to them.
The fund will come in Vanguard’s investor and admiral shares, which have total annual fees of 75 basis points and 60 bps, respectively.
Portfolio managers for the fund will be Ninety One’s Deirdre Cooper and Graeme Baker, according to the filing.
This story was originally published on ESG Clarity.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
