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Fund Times

Fund Times: Vanguard Plans New Dividend Fund

Plus, currency funds clean up and Vanguard broadens emerging-markets fund's reach.

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Vanguard announced Thursday it has filed with the SEC to launch a new dividend-focused fund.

The Vanguard High Dividend Yield Index Fund will be launched in the fourth quarter of 2006 and will be available in traditional investor shares and ETF shares. The fund will track the performance of the FTSE High Dividend Yield Index which is market-cap weighted.

Russel Kinnel does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.