Standard Life appoints Vanguard to run trackers

Its appointment of the passive fund manager follows Standard Life Investment's decision to close its OEIC tracker sub funds in order to focus on active fund management. The fund names, fund management charges and risk profiles of the OEIC trackers will remain the same. Transfer of the underlying investments will be completed in stages throughout June and will be finalised by 29 June. "Vanguard is recognised as one of the leading providers of index funds," said Standard Life head of investment group relationships Graham Dow. "They have a global presence, a wealth of investment exper...