Fund Times: Vanguard Opens the Spigots for Three Funds
Plus, news on new Janus CIOs, fund-related political action, and more.
Vanguard Strategic Equity (VSEQX) has reopened to new investors, and Vanguard Windsor II (VWNFX) and Vanguard Wellington (VWELX) have lifted their maximum annual investment limits. All three funds still will have higher, $10,000 minimum investments, though.
Vanguard closed Strategic Equity and imposed the investment restrictions on Windsor II and Wellington in April 2006 because the funds had attracted a lot of assets due to strong performance. Too much asset growth too fast can hamper a fund manager's efforts to execute his or her strategy.
Lawrence Jones does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.