The European arm of the Valley Forge, Pa.-based fund giant said it has entered into its first retail distribution agreement with European online broker
The Cortal Avenue program will be 60% comprised of the mix of Vanguard funds and 40% made up of actively managed funds selected by Cortal. "This innovative product will bring for the first time in Belgium the highly performing and sophisticated core/satellite approach traditionally reserved to institutional or ultra-high-net-worth investors" said Guillaume Prache of Vanguard Investments Europe.
Vanguard offers indexed and active European-domiciled UCITS funds, which cover all major asset classes. The firm manages more than $620 billion in assets worldwide.