Vanguard Investments Canada has launched a low-cost Global All-Cap ex Canada Equity Index Pooled Fund for Canadian institutional investors.
Vanguard now offers eight pooled investment vehicles in Canada, with five equity and three fixed income strategies.
"Canadian plan sponsors and institutional clients are looking for thoughtfully constructed and enduring global investment strategies in a simple and low-cost vehicle, and we are pleased to meet that need," says Atul Tiwari (pictured), managing director for Vanguard Investments Canada. "This new pooled fund builds on the recent launch of our 10 target retirement funds and complements our existing suite of Vanguard Pooled Funds as we continue to grow our footprint in the institutional investor marketplace."
Vanguard Global All-Cap ex Canada Equity Index Pooled Fund seeks to track the performance of a broad global equity index that focuses on developed and emerging markets, excluding Canada. It invests directly or indirectly primarily in large-, mid- and small-capitalisation stocks of companies located in developed and emerging markets, excluding Canada.
Vanguard pooled funds are available to qualified institutional investors. Most of these funds also serve as underlying investments for Vanguard Target Retirement Funds.
