What makes Vanguard different?

Size: px
Start display at page:

Download "What makes Vanguard different?"

Transcription

1 What makes Vanguard different? Stability and experience Low-cost investing Client focus This document is directed at professional investors and should not be distributed to, or relied upon by retail investors. The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

2 The Vanguard Group, Inc. s unique mutual structure aligns our interests with those of our investors and drives the culture, philosophy and policies throughout the Vanguard organisation worldwide. As a result, UK investors benefit from Vanguard s stability and experience, low costs and client focus.

3 Why Vanguard? What makes us different? What sets Vanguard apart and lets Vanguard put investors first around the world is the ownership structure of The Vanguard Group, Inc., in the United States. Rather than being publicly traded or owned by a small group of individuals, The Vanguard Group is owned by Vanguard s US-domiciled funds and ETFs. Those funds, in turn, are owned by their investors. This unique mutual structure aligns our interests with those of our investors and drives the culture, philosophy and policies throughout the Vanguard organisation worldwide. As a result, UK investors benefit from Vanguard s stability and experience, low-cost investing and client focus. Stability and experience In the UK, Vanguard leverages the scale, experience and resources of our established global business. Vanguard s ownership structure means that our clients don t have to worry that we ll be acquired. The company they invest with today will continue to serve them in the future. The Vanguard Group established the world s first index mutual fund for individual investors in 1976 and has been a leader in low-cost index investing ever since. The Vanguard Group also launched the first funds based on bond and international indices, and over the last decade has extended its index management expertise to exchange-traded funds. Low-cost investing Investors can t control the markets, but they can control the costs of investing. Providing low-cost investments isn t a pricing strategy for us. It s how we do business. We can keep costs low because of our unique ownership structure in the United States, which allows us to return profits to investors through lower costs. Vanguard s scale also helps to keep costs low. As our assets under management increase globally, we can reduce expense ratios for the investors in our funds. Client focus The ownership structure of The Vanguard Group aligns our interests with those of our clients. Because Vanguard is not publicly traded, we can extend the benefits of that structure to our clients in the UK. From rigorous risk management to transparent pricing to plain talk communications, we put our clients interests first. Everything we do at Vanguard is designed to give our clients the best chance for investment success. What makes Vanguard different? 3

4 Our core purpose To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.

5 The Vanguard story Vanguard was founded in the United States in 1975 on a simple but revolutionary idea: that an investment company should manage the funds it offers in the sole interest of its clients. Over the decades, Vanguard has grown to become one of the world s largest investment management companies, with a presence in Australia, Europe, Asia and the Americas The Vanguard Group, Inc. began operations 1976 Opened Vanguard 500 Index Fund, the first index mutual fund available to individual investors in the United States 1986 Launched the first bond index fund, Vanguard Total Bond Market Index Fund, which has become one of the world s biggest bond funds 1990 Introduced the first international stock index funds in the United States 1998 European business launched with offices in three European countries 2000 Established office in Tokyo 2001 Offered Exchange Traded Fund (ETF) share class for many Vanguard funds in the United States 2002 Began serving institutional clients in Canada and Central and South America 2002 Launched Financial Advisor Services team in the United States 2003 Vanguard Investments Singapore, Pte. Limited established 2006 Surpassed US$1 trillion in global assets under management 2009 Opened Vanguard Investments UK, Ltd., in London and launched UK-domiciled funds 2011 Began managing assets in London 2012 Launched a series of European ETFs 2012 Surpassed US$2 trillion in global assets under management, including $205 billion in ETF assets 2013 Expanded the European ETF range; assets under management outside the US totalled nearly $200 billion 2014 Surpassed US$3 trillion in global assets under management 2015 Surpassed US$100 billion in European assets under management 2016 Launched four UK-domiciled active funds 2017 Surpassed US$4 trillion in global assets under management What makes Vanguard different? 5

6 The Vanguard Group, Inc. launched the first equity index mutual fund for individual investors in 1976.

7 Experience and expertise you can count on When you invest with Vanguard, you have more than 40 years of investing experience behind you. For our index funds, we select benchmarks that objectively reflect broad markets or market segments, minimising investment costs through their consistent approach. Many index providers use benchmark construction best practices that Vanguard has promoted for years. Our index funds and ETFs offer investors a wide spread of risk through broadly diversified exposure to equity and fixed income markets at a low cost. Vanguard s active management history goes back to our beginnings. When The Vanguard Group, Inc. parent of Vanguard Asset Management, Limited started operations in the United States in 1975, our entire line-up comprised 11 active funds. Like our index fund range, our active funds aim to provide stability, experience and a focus on long-term, low-cost investing. What makes Vanguard different? 7

8 We develop and manage investments that follow a set of core investment principles and designed to help you achieve investment success.

9 Principles for investment success Successful investment management companies base their business on a core investment philosophy and Vanguard is no different. Although we offer many specific strategies, an overarching theme runs through the investments we provide: focus on those things within your control. These principles have been intrinsic to our company since its inception and they are embedded in its culture. For Vanguard, they represent both the past and the future enduring principles that guide the investment decisions we make. Create clear, appropriate investment goals. Investors should set measurable and attainable investment goals and develop plans for reaching those goals. They should evaluate their plans on a regular, ongoing basis. Develop a suitable asset allocation using broadly diversified funds. A successful investment strategy starts with an asset allocation suitable for its objective. The use of diversified investments helps to ensure against exposure to unnecessary risks. Minimise cost. Every pound that investors pay in management fees or trading commissions is a pound less of potential return. Investors can t control the markets, but they can control the effects of costs. Maintain perspective and long-term discipline. Investing evokes emotion that can disrupt the plans of even the most sophisticated investors. Discipline and perspective can counter that emotion if the investor adopts a systematic approach to investing that applies the principles of asset allocation and diversification and then sticks to it. What makes Vanguard different? 9

10 Plain Talk about costs and charges We believe investors deserve to know exactly what every investment offers and exactly what charges they will and won t pay. When buying a fund, investors typically pay a number of charges, starting with the Annual Management Charge (AMC) which covers the fund manager s costs of managing the fund. With most managers you will also typically pay ongoing running costs, including administration fees, independent auditor s fees for the fund s financial accounts, custody fees (the cost of holding securities in a secure legal manner) and other operational expenses. The AMC, and these additional running costs, make up the fund s Ongoing Charges Figure (OCF). In the interests of transparency, we generally pay all ordinary running costs out of the AMC. We believe this gives you a better understanding of the cost of your investment. It also means that we expect our funds AMCs to equal their OCFs. Protecting existing investors When investors buy or sell units or shares in a fund, their activity creates a cost for the fund. If the fund provider does nothing to mitigate this cost, it can affect existing investors in the fund. At Vanguard, we believe this is unfair so we have always taken measures to ensure long term investors don t bear the cost of others entering or leaving our funds. To do this we use a pricing methodology known as swing pricing. This process adjusts, or swings, the price of the fund up or down each day based on the trading volumes and the direction of trading. 10 What makes Vanguard different?

11 Championing investor interests We champion investors interests in everything we do. We think every investor deserves clear, straightforward communications. It starts with how we communicate Plain Talk straightforward language that s easy to understand and explanations that leave nothing out. No ifs, no buts, no jargon. Just plenty of facts, clearly presented and right upfront where investors can see them.

12 Investment Risk Information The value of investments, and the income from them, may fall or rise and investors may get back less than they invested. Important Information This document is directed at professional investors and should not be distributed to, or relied upon by retail investors. This document is designed for use by, and is directed only at persons resident in the UK. The material contained in this document is not to be regarded as an offer to buy or sell or the solicitation of any offer to buy or sell securities in any jurisdiction where such an offer or solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so. The information in this document does not constitute legal, tax, or investment advice. You must not, therefore, rely on the content of this document when making any investment decisions. Issued by Vanguard Asset Management, Limited which is authorised and regulated in the UK by the Financial Conduct Authority 2018 Vanguard Asset Management, Limited. All rights reserved

Why do we exist? To take a stand for all investors, to treat them fairly and to give them the best chance for investment success.

Why do we exist? To take a stand for all investors, to treat them fairly and to give them the best chance for investment success. About Vanguard Why do we exist? To take a stand for all investors, to treat them fairly and to give them the best chance for investment success. Vanguard at a glance Vanguard was founded in Valley Forge,

More information

Investing with Vanguard

Investing with Vanguard Investing with 2 Trusted by institutions worldwide was founded in the United States in 1975 on a simple but revolutionary idea that an investment company should manage the funds it offers in the sole interest

More information

Vanguard Index Funds and ETFs

Vanguard Index Funds and ETFs Vanguard Index Funds and ETFs Exceptional value indexing from the people who pioneered it This document is only directed at professional investors and should not be distributed to, or relied upon by retail

More information

Vanguard Target Retirement Funds

Vanguard Target Retirement Funds Vanguard Target Retirement Funds Help your clients reach their retirement goals This document is directed at professional investors and should not be distributed to, or relied upon by, retail investors.

More information

Work and Pensions Select Committee Inquiry into governance and best practice in workplace pension provision

Work and Pensions Select Committee Inquiry into governance and best practice in workplace pension provision Work and Pensions Select Committee Inquiry into governance and best practice in workplace pension provision Introduction 1. With the advent of automatic enrolment, questions of governance and best practice

More information

Managed funds. Plain Talk Library

Managed funds. Plain Talk Library Plain Talk Library Contents Introduction to managed funds 5 What is a managed fund and how does it work? 6 Types of managed funds 12 What are the benefits of managed funds? 15 Choosing a managed fund

More information

Vanguard Wholesale Funds

Vanguard Wholesale Funds Annual Report Wholesale Funds ETFs (ASX Codes: VLC, VSO, VGE, VGAD, VAE, VEQ) Investments Australia Ltd ABN 72 072 881 086 AFSL 227263 funds covered in this annual report Australian Large Companies ARSN

More information

For personal use only

For personal use only PLEASE CROSS RELEASE TO ALL BELOW COMPANY CODES Annual Report for the Exchange Traded Funds 6 September Investments Australia Ltd announces the following: ETF ASX CODE ANNOUNCEMENT MSCI Australian Large

More information

Vanguard s distinct approach to active fixed income

Vanguard s distinct approach to active fixed income Vanguard s distinct approach to active fixed income Fixed income plays a crucial role in many investors portfolios. And whether you re looking to control equity risk, generate income in retirement or achieve

More information

Vanguard Global Value Equity Fund Vanguard Global Minimum Volatility Fund Vanguard Global Quantitative Equity Fund Vanguard Managed Payout Fund

Vanguard Global Value Equity Fund Vanguard Global Minimum Volatility Fund Vanguard Global Quantitative Equity Fund Vanguard Managed Payout Fund Product Disclosure Statement 1 November 2018 Vanguard Global Value Equity Fund Vanguard Global Minimum Volatility Fund Vanguard Global Quantitative Equity Fund Vanguard Managed Payout Fund This Product

More information

Vanguard International Small Companies Index Fund (Hedged)

Vanguard International Small Companies Index Fund (Hedged) Product Disclosure Statement 1 July 2017 Vanguard International Small Companies Index Fund (Hedged) This Product Disclosure Statement (PDS) is issued by Vanguard Investments Australia Ltd ABN 72 072 881

More information

VANGUARD ADDS USD AND RMB COUNTERS TO ITS HONG KONG ETFS

VANGUARD ADDS USD AND RMB COUNTERS TO ITS HONG KONG ETFS For more information strictly in relation to the factual contents of this press release, please contact: Weber Shandwick Steve Price, +852 2533 9957, sprice@webershandwick.com PRESS RELEASE VANGUARD ADDS

More information

What s included in your fees and how are they calculated and presented?

What s included in your fees and how are they calculated and presented? OCIO provider fees What s included in your fees and how are they calculated and presented? What s included in your fees? The fiduciaries we talk to are continually telling us that one of the most confusing

More information

For personal use only

For personal use only PLEASE CROSS RELEASE TO ALL BELOW COMPANY CODES Annual Report for the Vanguard Exchange Traded Funds 7 September 2015 Vanguard Investments Australia Ltd announces the following: ETF ASX CODE ANNOUNCEMENT

More information

The Emerging Market Conundrum

The Emerging Market Conundrum T H E M A G A Z I N E F O R E T F INVESTORS ////////////////////////////////////////////////////////////// MAY 2016 The Emerging Market Conundrum P U B L I S H E D BY SMART-BETA CORNER By Heather Bell

More information

Dimensional Fund Advisors Putting Financial Science to Work for You

Dimensional Fund Advisors Putting Financial Science to Work for You Dimensional Fund Advisors Putting Financial Science to Work for You Data as at 31 March 2016 This information is provided for financial advisers and their clients and wholesale investors. Dimensional Fund

More information

Exchange traded funds. Plain Talk Library

Exchange traded funds. Plain Talk Library Exchange traded funds Plain Talk Library Contents Introducing exchange traded funds 5 What are ETFs? 6 Vanguard s approach to ETFs 9 How can you invest in ETFs? 10 Fees and costs 12 Benefits of ETFs?

More information

Legal & General Index Solutions

Legal & General Index Solutions FOR PROFESSIONAL INVESTORS ONLY Legal & General Index Solutions More than just market returns Our proven philosophy, scale, expertise and product breadth help to provide the high-value efficient indexing

More information

Vanguard Investor Funds

Vanguard Investor Funds Product Disclosure Statement 1 July 2017 Vanguard Investor Funds This Product Disclosure Statement (PDS) is for the Vanguard Investor Funds (Funds) listed in the table below. This PDS is issued by Vanguard

More information

Quarterly Newsletter. Vanguard LifeStrategy Funds. Economic background. Key takeaway. October 2017

Quarterly Newsletter. Vanguard LifeStrategy Funds. Economic background. Key takeaway. October 2017 Vanguard LifeStrategy Funds October 2017 Quarterly Newsletter This quarterly newsletter is designed to give Vanguard LifeStrategy investors an insight into how the funds are constructed, how they re performing

More information

Vanguard Growth Index Fund

Vanguard Growth Index Fund Product Disclosure Statement 1 November 2018 Vanguard Growth Index Fund This Product Disclosure Statement (PDS) is issued by Vanguard Investments Australia Ltd ABN 72 072 881 086 AFSL 227263 (Vanguard,

More information

Exchange traded funds. Plain Talk Library

Exchange traded funds. Plain Talk Library Exchange traded funds Plain Talk Library Contents Introducing exchange traded funds 5 What are ETFs? 6 How can you invest in ETFs? 8 Fees and costs 10 Who s who in the ETF market? 12 Benefits of ETFs?

More information

Vanguard International Shares Index Fund (Hedged) NZD Class

Vanguard International Shares Index Fund (Hedged) NZD Class Product Disclosure Statement 1 November 2018 Vanguard International Shares Index Fund (Hedged) NZD Class This Product Disclosure Statement (PDS) is issued by Vanguard Investments Australia Ltd ABN 72 072

More information

Vanguard International Small Companies Index Fund

Vanguard International Small Companies Index Fund Product Disclosure Statement 1 November 2018 Vanguard International Small Companies Index Fund This Product Disclosure Statement (PDS) is issued by Vanguard Investments Australia Ltd ABN 72 072 881 086

More information

Fund Guide. Short Duration Credit Fund

Fund Guide. Short Duration Credit Fund Fund Guide Short Duration Credit Fund March 2017 This document is for investment professionals only and should not be distributed to or relied upon by retail clients. It is only intended for use in jurisdictions

More information

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested. Active Exchange and Traded passive Funds investing (ETFs) What Understanding you need index to know ETFs and how they work This guide has been produced for educational purposes only and should not be regarded

More information

Vanguard Cash Plus Fund

Vanguard Cash Plus Fund Product Disclosure Statement 1 July 2017 Vanguard Cash Plus Fund This Product Disclosure Statement (PDS) is issued by Vanguard Investments Australia Ltd ABN 72 072 881 086 AFSL 227263 (Vanguard, we, us

More information

Embrace the future. Scotiabank Mutual Funds

Embrace the future. Scotiabank Mutual Funds Embrace the future Scotiabank Mutual Funds Invest with confidence It makes no difference where you are in life chances are, your priorities include family, friends and a sense of fulfillment. Making the

More information

Debunking Myths & Common Misconceptions of ETFs

Debunking Myths & Common Misconceptions of ETFs Debunking Myths & Common Misconceptions of ETFs April 2015 Even as ETFs have grown in popularity, there is a still a great deal of misunderstanding over how they are structured and regulated, how they

More information

GOALS-BASED SHORT TERM PORTFOLIO Investment Policy Statement

GOALS-BASED SHORT TERM PORTFOLIO Investment Policy Statement GOALS-BASED SHORT TERM PORTFOLIO Investment Policy Statement The purpose of this document The purpose of this investment policy statement is to provide a framework for your investment plan. Through it

More information

Guaranteed income for life. In any market.

Guaranteed income for life. In any market. Guaranteed income for life. In any market. Schwab Retirement Income Variable Annuity with optional Guaranteed Lifetime Withdrawal Benefit. A variable annuity from Charles Schwab, issued by Pacific Life.*

More information

Fidelity Wealth Service

Fidelity Wealth Service Fidelity Wealth Service Dear Investor, New opportunities. The perfect property. The ideal retirement. Or maybe just the freedom to make it up as you go along. At Fidelity Wealth, we know every investor

More information

Ideal Global Absolute Return Strategies Fund. Engineered to absorb shocks

Ideal Global Absolute Return Strategies Fund. Engineered to absorb shocks Ideal Global Absolute Return Strategies Fund Engineered to absorb shocks A new option for managing volatility If you re looking for the potential for positive absolute returns over the medium to long term,

More information

Vanguard Conservative Index Fund

Vanguard Conservative Index Fund Product Disclosure Statement 1 July 2017 Vanguard Conservative Index Fund This Product Disclosure Statement (PDS) is issued by Vanguard Investments Australia Ltd ABN 72 072 881 086 AFSL 227263 (Vanguard,

More information

How to Choose your Financial Adviser

How to Choose your Financial Adviser How to Choose your Financial Adviser At Worldwide Advisers we always say that the first step to picking the right adviser for you is to understand that the world of financial advice, like the world of

More information

Plain talk about how ETFs work. Client education

Plain talk about how ETFs work. Client education Plain talk about how ETFs work Client education Contents 2 What are ETFs? 4 How ETFs work 8 Which ETFs are right for you? Exchange-traded funds (ETFs) are attracting evergreater attention from investors.

More information

Vanguard International Property Securities Index Fund (Hedged)

Vanguard International Property Securities Index Fund (Hedged) Product Disclosure Statement 1 November 2018 Vanguard International Property Securities Index Fund (Hedged) This Product Disclosure Statement (PDS) is issued by Vanguard Investments Australia Ltd ABN 72

More information

Vanguard Global Infrastructure Index Fund

Vanguard Global Infrastructure Index Fund Product Disclosure Statement 1 November 2018 Vanguard Global Infrastructure Index Fund This Product Disclosure Statement (PDS) is issued by Vanguard Investments Australia Ltd ABN 72 072 881 086 AFSL 227263

More information

Vanguard Australian Property Securities Index Fund

Vanguard Australian Property Securities Index Fund Product Disclosure Statement 1 July 2017 Vanguard Australian Property Securities Index Fund This Product Disclosure Statement (PDS) is issued by Vanguard Investments Australia Ltd ABN 72 072 881 086 AFSL

More information

WORKING TOGETHER TO BUILD STRONGER PORTFOLIOS

WORKING TOGETHER TO BUILD STRONGER PORTFOLIOS NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE WORKING TOGETHER TO BUILD STRONGER PORTFOLIOS Four ways J.P. Morgan helps solve your investment needs The path to a stronger portfolio starts here It takes

More information

Bank of Montreal. Investing for you. Individual Savings Account General Investment Account ISA GIA

Bank of Montreal. Investing for you. Individual Savings Account General Investment Account ISA GIA Bank of Montreal Investing for you. ISA GIA Individual Savings Account General Investment Account Investing for your future 3 Contents 1. Start with a BMO plan 4 Investing for you: Individual Savings Account

More information

Active and passive investing What you need to know

Active and passive investing What you need to know Active and passive investing What you need to know This guide has been produced for educational purposes only and should not be regarded as a substitute for investment advice. Vanguard Asset Management,

More information

Vanguard Wholesale Funds

Vanguard Wholesale Funds Annual Report Wholesale Funds Diversified Funds Investments Australia Ltd ABN 72 072 881 086 AFSL 227263 funds covered in this annual report Conservative ARSN 101 565 351 ABN 24 396 176 911 Balanced ARSN

More information

Vanguard Investor Funds

Vanguard Investor Funds Annual Report Investor s Investments Australia Ltd ABN 72 072 881 086 AFSL 227263 funds covered in this annual report Index Australian Shares ARSN 090 995 770 ABN 38 931 692 506 High Yield Australian Shares

More information

Our Fingerprint in the World of Wealth Management

Our Fingerprint in the World of Wealth Management Our Fingerprint in the World of Wealth Management INVEST & TRANSFORM WEALTH MANAGEMENT World-class investment and advisory professionals at your disposal with the sole objective of achieving your personal

More information

Debunking Myths & Common Misconceptions of ETFs

Debunking Myths & Common Misconceptions of ETFs Debunking Myths & Common Misconceptions of ETFs July 2017 Even as ETFs have grown in popularity, there is a still a great deal of misunderstanding over how they are structured and regulated, how they trade,

More information

Please note that the minimum investment amount is NZ$250, each time you place a buy order for all funds offered on InvestNow.

Please note that the minimum investment amount is NZ$250, each time you place a buy order for all funds offered on InvestNow. Please note that the minimum investment amount is NZ$250, each time you place a buy order for all funds offered on InvestNow. The attached PDS from Vanguard states that the minimum initial investment is

More information

Vanguard Cash Plus Fund

Vanguard Cash Plus Fund Product Disclosure Statement 1 November 2018 Vanguard Cash Plus Fund This Product Disclosure Statement (PDS) is issued by Vanguard Investments Australia Ltd ABN 72 072 881 086 AFSL 227263 (Vanguard, we,

More information

Vanguard International Property Securities Index Fund

Vanguard International Property Securities Index Fund Product Disclosure Statement 1 July 2017 Vanguard International Property Securities Index Fund This Product Disclosure Statement (PDS) is issued by Vanguard Investments Australia Ltd ABN 72 072 881 086

More information

Vanguard Australian Corporate Fixed Interest Index Fund

Vanguard Australian Corporate Fixed Interest Index Fund Product Disclosure Statement 1 November 2018 Vanguard Australian Corporate Fixed Interest Index Fund This Product Disclosure Statement (PDS) is issued by Vanguard Investments Australia Ltd ABN 72 072 881

More information

Your life. Your future. Your options.

Your life. Your future. Your options. Your life. Your future. Your options. Whether by chance or by choice, you have options. Explore them with Empower Retirement. Corporate Retirement Plan Participant Brochure You want to retire someday or

More information

Asset Allocation THE BATTLE OF THE MULTI-ASSET STRATEGIES: BALANCED VS. ABSOLUTE RETURN

Asset Allocation THE BATTLE OF THE MULTI-ASSET STRATEGIES: BALANCED VS. ABSOLUTE RETURN PRICE POINT July 2017 Timely intelligence and analysis for our clients. Asset Allocation THE BATTLE OF THE MULTI-ASSET STRATEGIES: BALANCED VS. ABSOLUTE RETURN KEY POINTS Balanced funds can provide managed,

More information

EXCHANGE TRADED FUNDS

EXCHANGE TRADED FUNDS INVESTOR INSIGHT EXCHANGE TRADED FUNDS The Basics betashares.com.au OFFERING ACCESS TO ALMOST EVERY CORNER OF THE MARKET & EVERY MAJOR ASSET CLASS, EXCHANGE TRADED FUNDS NOW OFFER AUSTRALIAN INVESTORS

More information

Index experience you can count on Building well-diversified client portfolios

Index experience you can count on Building well-diversified client portfolios For Professional Advisors Retail Index funds Index experience you can count on Building well-diversified client portfolios Constructing a low-cost, client-focused portfolio requires the right materials.

More information

OnePath Australian Shares

OnePath Australian Shares OnePath Australian Shares Fund overview OnePath Australian Shares gives you access to a diverse portfolio of shares in companies listed on the Australian Securities Exchange (ASX). About the manager UBS

More information

Tactical Allocation Customized Thematic Investment Company

Tactical Allocation Customized Thematic Investment Company BMO Capital Markets BMO TACTIC Funds Tactical Allocation Customized Thematic Investment Company This offering is made only by prospectus. The prospectus contains important detailed information about the

More information

February The Fund Guide. Investing your money with confidence

February The Fund Guide. Investing your money with confidence February 2018 The Fund Guide Investing your money with confidence Allow us to introduce ourselves. We are Zurich. We are part of a global insurance group with Swiss roots. We are one of Ireland s most

More information

Templeton Asian Growth ex Japan. Equity Composite

Templeton Asian Growth ex Japan. Equity Composite Templeton Asian Equity Product Profile Product Details Strategy Assets $4,835,954,296.20 Inception Date 31/12/2001 Base Currency USD Investment Style Overview Templeton s interest and research in emerging

More information

INVESTOR PROPOSAL. CUSTOMIZED FOR: Our Valued Client. International House 38 Thistle Street Edinburgh EH2 1EN Dailyforexincome Ltd

INVESTOR PROPOSAL. CUSTOMIZED FOR: Our Valued Client. International House 38 Thistle Street Edinburgh EH2 1EN Dailyforexincome Ltd INVESTOR PROPOSAL CUSTOMIZED FOR: Our Valued Client International House 38 Thistle Street Edinburgh EH2 1EN +447024024851 Dailyforexincome Ltd Welcome Dear Valued Client, Dailyforexincome has created a

More information

EUROPEAN FUNDS TROPHY 2013

EUROPEAN FUNDS TROPHY 2013 EUROPEAN FUNDS TROPHY to rated funds Over rated funds to rated funds to rated funds to rated funds to rated funds to rated funds Our investment philosophy and approach Our dedicated team of SRI (socially

More information

1607 GROUP AT MORGAN STANLEY

1607 GROUP AT MORGAN STANLEY W E A L T H M A N A G E M E N T I. Overview TABLE OF CONTENTS: II. 1607 Portfolio III. 1607 Income Growth Portfolio IV. Investment Team WEALTH MANAGEMENT WEALTH MANAGEMENT O V E R V I E W Our Business:

More information

Product Disclosure Statement 1 July 2017

Product Disclosure Statement 1 July 2017 Product Disclosure Statement 1 July 2017 Vanguard Australian Government Bond Index Fund This Product Disclosure Statement (PDS) is issued by Vanguard Investments Australia Ltd ABN 72 072 881 086 AFSL 227263

More information

Your investment options

Your investment options The information in this document forms part of the Mercy Super Product Disclosure Statement (PDS) Issued 30 September 2017 Inside... 1: Your investment options 2 2: How we invest your money 3 3: basics

More information

PIMCO Global Optima Index

PIMCO Global Optima Index PIMCO Global Optima Index Dynamically Blending Global Equity and U.S. Fixed Income Markets to Help Deliver Upside Growth Potential Issued by American General Life Insurance Company (AGL), an American International

More information

Exchange Traded Funds (ETFs)

Exchange Traded Funds (ETFs) Exchange Traded Funds (ETFs) Advisers guide to ETFs and their potential role in client portfolios This document is directed at professional investors and should not be distributed to, or relied upon by

More information

Vanguard International Shares Index Fund (Hedged) AUD Class

Vanguard International Shares Index Fund (Hedged) AUD Class Product Disclosure Statement 6July2016 Vanguard International Shares Index Fund (Hedged) AUD Class This Product Disclosure Statement (PDS) is issued by Vanguard Investments Australia Ltd ABN 72 072 881

More information

Vanguard Wholesale Funds

Vanguard Wholesale Funds Annual Report 2017 Vanguard Wholesale Funds Vanguard Managed Payout Fund Vanguard Investments Australia Ltd ABN 72 072 881 086 AFSL 227263 Vanguard funds covered in this annual report Vanguard Managed

More information

Explaining risk, return and volatility. An Octopus guide

Explaining risk, return and volatility. An Octopus guide Explaining risk, return and volatility An Octopus guide Important information The value of an investment, and any income from it, can fall as well as rise. You may not get back the full amount they invest.

More information

Vanguard International Shares Select Exclusions Index Fund

Vanguard International Shares Select Exclusions Index Fund Product Disclosure Statement 1 November 2018 Vanguard International Shares Select Exclusions Index Fund This Product Disclosure Statement (PDS) is issued by Vanguard Investments Australia Ltd ABN 72 072

More information

you for your clients

you for your clients Working you with for your clients A partner you can depend on 2 When you re choosing a partner to help you manage your clients wealth, you want to be confident that their investment process is rigorous,

More information

Description of the Fund TMLS Multi-Asset 70 Fund (the Fund ) is an investment-linked policy sub-fund offered by Tokio

Description of the Fund TMLS Multi-Asset 70 Fund (the Fund ) is an investment-linked policy sub-fund offered by Tokio TMLS MULTI-ASSET 70 FUND SUMMARY (SUPPLEMENT TO PRODUCT SUMMARY) This supplement forms part of the product summary. You should read this together with the relevant Product Summary. Description of the Fund

More information

Russell Investments China Equity Fund

Russell Investments China Equity Fund Russell Investments China Equity Fund The most comprehensive way to capture opportunities in China FOR PROFESSIONAL CLIENTS ONLY Fund objective The Fund aims to achieve long term capital appreciation by

More information

LGIM s investment solutions From one of the UK s largest asset managers

LGIM s investment solutions From one of the UK s largest asset managers For Professional Advisers LGIM s investment solutions From one of the UK s largest asset managers Legal & General Investment Management (LGIM) offers investment services across a broad spectrum of asset

More information

Are you thinking about international investments?

Are you thinking about international investments? 1 Are you thinking about international investments? FIND OUT MORE Navigate by Glacier International 2 Glacier International Glacier International offers you the opportunity to invest in a wide selection

More information

Vanguard LifeStrategy Funds ICVC

Vanguard LifeStrategy Funds ICVC Interim Short Report For the six months ended 30 September 2016 Vanguard LifeStrategy Funds ICVC (An open-ended investment company incorporated with limited liability and registered in England and Wales

More information

DIMENSIONAL FUND ADVISORS. Putting Financial Science to Work

DIMENSIONAL FUND ADVISORS. Putting Financial Science to Work DIMENSIONAL FUND ADVISORS Putting Financial Science to Work Dimensional invests differently. We build portfolios based on the science of capital markets. Decades of research guide the way. For more than

More information

Vanguard ETFs: A low-cost way to capture global equity market returns

Vanguard ETFs: A low-cost way to capture global equity market returns Vanguard ETFs: A low-cost way to capture global equity market returns Vanguard FTSE Asia ex Japan Index ETF (2805) Vanguard FTSE Japan Index ETF (3126) - NEW Vanguard FTSE Developed Europe Index ETF (3101)

More information

Vanguard Australian Shares High Yield Fund

Vanguard Australian Shares High Yield Fund Product Disclosure Statement 1 November 2018 Vanguard Australian Shares High Yield Fund This Product Disclosure Statement (PDS) is issued by Vanguard Investments Australia Ltd ABN 72 072 881 086 AFSL 227263

More information

Meritage Portfolios Transition report March 2018

Meritage Portfolios Transition report March 2018 Meritage Portfolios Transition report March 2018 An institution focused on innovation Our mission Guided by our 100% open architecture structure, we are dedicated to providing diverse investment solutions

More information

Vanguard International Credit Securities Index Fund (Hedged)

Vanguard International Credit Securities Index Fund (Hedged) Product Disclosure Statement 1 July 2017 Vanguard International Credit Securities Index Fund (Hedged) This Product Disclosure Statement (PDS) is issued by Vanguard Investments Australia Ltd ABN 72 072

More information

Retirement Investments Retirement Insurance Health Investments Insurance Health

Retirement Investments Retirement Insurance Health Investments Insurance Health Retirement Investments Insurance Health Investment Portfolio Investment Portfolio from Aviva Whatever your financial needs, Investment Portfolio offers you a wide range of investment options, giving you

More information

Key Features of the WorkSave Pension Plan. This is an important document which you should keep in a safe place.

Key Features of the WorkSave Pension Plan. This is an important document which you should keep in a safe place. Key Features of the WorkSave Pension Plan This is an important document which you should keep in a safe place. Welcome to your Key Features Document. It explains the important information you need to know

More information

TAKING THE NEXT STEP. Simplicity. An all-in-one portfolio matched to three levels of risk

TAKING THE NEXT STEP. Simplicity. An all-in-one portfolio matched to three levels of risk Multi-Asset TAKING THE NEXT STEP You re working hard for your money. The next step is getting your money to work for you. Each of the three Franklin NextStep Funds are professionally managed, diversified

More information

01. A fund with a unique platform and technological solution - simple and convenient solution to buy, sell, and manage crypto currencies. 02.

01. A fund with a unique platform and technological solution - simple and convenient solution to buy, sell, and manage crypto currencies. 02. What Will be First Crypto ETF 01. A fund with a unique platform and technological solution - simple and convenient solution to buy, sell, and manage crypto currencies. 02. OTC product Black Card. Simple

More information

(R)evolution of ETFs

(R)evolution of ETFs (R)evolution of ETFs Agenda The global ETP marketplace Indexing adoption accelerates Fee and regulatory (r)evolution ETF usage trends Trading evolution 2 Global ETP marketplace Assets (US$ billions) $2,000

More information

Mutual Fund Expenses- Back to Basics

Mutual Fund Expenses- Back to Basics Mutual Fund Expenses- Back to Basics Mutual Fund Expenses- Back to Basics Jack Bogle is perhaps the biggest critic of the mutual fund industry, which is somewhat ironic in that he is the founder of its

More information

INVESTMENT GUIDE. Investing for your future

INVESTMENT GUIDE. Investing for your future INVESTMENT GUIDE Investing for your future March 2019 Contents Page Define what type of investor you are 4 Look at your investment options 10 Useful things you should know 27 Making your investment choice

More information

Vanguard International Property Securities Index Fund Product Disclosure Statement

Vanguard International Property Securities Index Fund Product Disclosure Statement Vanguard International Property Securities Index Fund Product Disclosure Statement 7 November 2011 This Product Disclosure Statement (PDS) is issued by Vanguard Investments Australia Limited ABN 72 072

More information

Get active with Vanguard factor ETFs

Get active with Vanguard factor ETFs Get active with Vanguard factor ETFs Factor investing has gained attention in recent years, in part because of the rise of alternatively weighted indexes and smart-beta products. Yet factor investing has

More information

Low costs, exceptional service for your retirement plan. Vanguard Retirement Plan Access TM

Low costs, exceptional service for your retirement plan. Vanguard Retirement Plan Access TM Low costs, exceptional service for your retirement plan Vanguard Retirement Plan Access TM An effective retirement plan As a plan sponsor, you know how overwhelming the details and responsibilities of

More information

BlackRock Securities Lending Unlocking the potential of portfolios

BlackRock Securities Lending Unlocking the potential of portfolios BlackRock Securities Lending Unlocking the potential of portfolios Introduction Securities lending is a well-established practice whereby U.S. registered funds, such as mutual funds, make loans of securities

More information

BlackRock Securities Lending Unlocking the potential of portfolios

BlackRock Securities Lending Unlocking the potential of portfolios BlackRock Securities Lending Unlocking the potential of portfolios Introduction Securities lending is a well-established practice whereby mutual s make loans of securities to seek an incremental increase

More information

Venture capital trusts. An Octopus guide

Venture capital trusts. An Octopus guide Venture capital trusts An Octopus guide About this guide For UK investors only. This guide has been written for UK residents who are interested in finding out more about Venture Capital Trusts (VCTs).

More information

Fund Guide. Emerging Market Debt Unconstrained Fund. August 2016

Fund Guide. Emerging Market Debt Unconstrained Fund. August 2016 Fund Guide Emerging Market Debt Unconstrained Fund August 2016 This document is for investment professionals only and should not be distributed to or relied upon by retail Usage statementclients. It is

More information

15285 AccessIntroBookEngCover 4/3/06 12:34 PM Page 1 ACCESS A NEW LEVEL OF PORTFOLIO MANAGEMENT

15285 AccessIntroBookEngCover 4/3/06 12:34 PM Page 1 ACCESS A NEW LEVEL OF PORTFOLIO MANAGEMENT 15285 AccessIntroBookEngCover 4/3/06 12:34 PM Page 1 ACCESS A NEW LEVEL OF PORTFOLIO MANAGEMENT 15285 AccessIntroBookEngCover 4/3/06 12:34 PM Page 2 15285 AccessIntroBookEngCover 4/3/06 12:34 PM Page 3

More information

Investment Capabilities

Investment Capabilities Investment Capabilities Global Equities Solutions April 2017 This communication is for investment professionals only and should not be distributed to or relied upon by retail clients. It is only intended

More information

Independent. Diligent. Proactive.

Independent. Diligent. Proactive. Independent. Diligent. Proactive. About National Bank Investments Our mission Guided by our 100% open architecture structure, we are dedicated to providing diverse investment solutions to meet your evolving

More information

Montreal ETF Forum. Ben Creary October 6, For Financial Advisor and Institutional Investor Use Only. Not For Public Distribution.

Montreal ETF Forum. Ben Creary October 6, For Financial Advisor and Institutional Investor Use Only. Not For Public Distribution. Montreal ETF Forum Ben Creary October 6, 2014 About Vanguard The Vanguard Group, Inc. Founded: 1975 Corporate headquarters: Valley Forge, Pennsylvania, United States Total assets: $3.12 trillion worldwide

More information

INVESTMENT POLICY. January Approved by the Board of Governors on 12 December Third amendment approved with effect from 1 January 2019

INVESTMENT POLICY. January Approved by the Board of Governors on 12 December Third amendment approved with effect from 1 January 2019 INVESTMENT POLICY January 2019 Approved by the Board of Governors on 12 December 2016 Third amendment approved with effect from 1 January 2019 1 Contents SECTION 1. OVERVIEW SECTION 2. INVESTMENT PHILOSOPHY-

More information

INVEST IN TOMORROW. Prudential Managed Account. Strategic Portfolios

INVEST IN TOMORROW. Prudential Managed Account. Strategic Portfolios INVEST IN TOMORROW Prudential Managed Account Strategic Portfolios LINK by Prudential Connect the dots of your financial life. LINK by Prudential is designed to be there for you throughout your life, no

More information