Vanguard is planning to launch an actively managed emerging markets equity fund that will be managed by four investment advisors.

“The Vanguard Emerging Markets Select Stock Fund will offer a relatively low-cost diversified option for investors who prefer an actively managed approach to this segment of the global market,” said Vanguard CEO Bill McNabb. “The new fund also provides investors with access to the best thinking of four highly regarded firms that have expertise in navigating this part of the investment world.”

The four advisors are M&G Investment Management, Oaktree Capital Management, Pzena Investment Management and Wellington Management Co.

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