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Fund Times

Vanguard Analyst Pick Adds a New--but Familiar--Manager

International Explorer will move to a multi-manager structure.

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A well-known manager has been added to the mix at  Vanguard International Explorer (VINEX). Vanguard announced Wednesday that the fund, an Analyst Pick in the  foreign small/mid growth category, will move to a multi-manager structure. A four-member team led by Simon H. Thomas of Wellington Management Company joins Matthew Dobbs of Schroder Investment Management (which has managed the fund since its 1996 inception) at the helm.

Thomas has been on Wellington's international small-cap equity team since he arrived at the firm in 2002. He's currently the team's leader and is joint manager of the firm's global small-cap approaches. He and his colleagues will use a bottom-up process to identify discounted stocks with long-term growth potential, aiming to exploit what they see as the inefficiencies of global markets and depending heavily on management visits to assess companies' strengths.

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