Vanguard Introduces Actively Managed Fund

Vanguard has introduced the Vanguard Explorer Value Fund, an actively managed fund that will invest in small- and mid-cap stocks and serve as a complement to Vanguard’s growth-oriented Vanguard Explorer Fund, which has attracted $8.6 billion.

Three firms will sub-advise the new fund: Cardinal Capital Management, Sterling Capital Management and Frontier Capital Management.

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Money Management Executive
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