Vanguard has launched its first active funds for the UK market, partnering up with Baillie Gifford, Wellington Management, Oaktree Capital Management and Pzena Investment Management.
The first offerings are UK-domiciled and include two investing in global equities, one in emerging markets equities and one comprising of a mixture of global equities and fixed income. The funds are managed by a range of external sub-advisers appointed by Vanguard, including Wellington Management, Baillie Gifford, Oaktree and Pzena Investment Management while Vanguard's Quantitative Equity Group (QEG) will also co-manage one of the funds. John James (pictured), MD for Vanguard in Europe, said: "Vanguard believes it is important to offer investors the choice of low-cost, high-value ind...
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