Vanguard Offers High Dividend Yield Index Fund

Vanguard on Thursday announced its new High Dividend Yield Index Fund, available to individual investors, institutions and financial advisers in both traditional and ETF shares.The fund will track the FTSE High Dividend Yield Index, a new index of U.S. stocks with higher-than-average yields taken from the FTSE Global Equity Index that FTSE Group created exclusively for Vanguard.

“We will continue to take a deliberate approach to expanding our index fund family, tailoring our fund lineup to meet investor needs,” said Vanguard Chairman and CEO John J. Brennan. “Our newest offering provides a diversified, low-cost stock portfolio to income-oriented investors.”

With this new offering, Vanguard now has 60 indexed fund and annuity portfolios with a total of $435 billion in assets.

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Money Management Executive
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