Vanguard Dividend Growth Closes to New Investors

We see the partial closing of the $30 billion fund as welcome news.

Russel Kinnel Jul 28, 2016

Securities in This Article

Vanguard announced today that

"Vanguard is proactively taking steps to slow strong cash flows to help ensure that the advisor's ability to produce competitive long-term results for investors is not compromised," said Vanguard CEO Bill McNabb. "We have long been committed to protecting the interests of our funds' shareholders, and demonstrate this conviction by closing or restricting funds to stem further growth."

You can read the full statement here.

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