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John Waggoner: Vanguard Changes Management Of Three Funds With Combined Assets Of $24 billion
Here's what I posted at Investment News, along with a couple of links I did not provide there:
M&G was removed as a co-manager of a single series (fund) of Vanguard Variable Insurance Fund (a series of variable annuity funds). It is that single series, Vanguard Variable Insurance Fund International Portfolio that is a clone of VWIGX. The Bloomberg ticker for this portfolio is VVAINTV.
M&G has co-managed the two Vanguard funds since February, 2008. It has been since inception and continues to be the sole manager of Vanguard Precious Metals and Mining Fund (VPGMX). This suggests that Vanguard's dissatisfaction lies not so much with the management company M&G as with the day-to-day management of the international funds.
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M&G was removed as a co-manager of a single series (fund) of Vanguard Variable Insurance Fund (a series of variable annuity funds). It is that single series, Vanguard Variable Insurance Fund International Portfolio that is a clone of VWIGX. The Bloomberg ticker for this portfolio is VVAINTV.
M&G has co-managed the two Vanguard funds since February, 2008. It has been since inception and continues to be the sole manager of Vanguard Precious Metals and Mining Fund (VPGMX). This suggests that Vanguard's dissatisfaction lies not so much with the management company M&G as with the day-to-day management of the international funds.
The Morningstar pages (print format) for VVIF International Portfolio can be found here:
http://quicktake.morningstar.com/fundnet/printreport.aspx?symbol=FVUSA001DG&country=USA&culture=en-US
(scroll down for Ratings and Risk, Performance, Tax Analysis, Filings, Portfolio, Management)
M* chart for VVIF Int'l Portfolio:
http://quote.morningstar.com/fund/chart.aspx?t=FVUSA001DG
M*: M&G added to Vanguard international funds in 2008
http://socialize.morningstar.com/NewSocialize/forums/2491680/PrintThread.aspx