The newly introduced equity fund will employ four advisory firms: M&G Investment Management, Oaktree Capital Management, Pzena Investment Management, and Wellington Management Company.
According to Vanguard, following the subscription period, fund assets will be allocated equally among the four investment advisors.
Vanguard Emerging Markets Select Stock Fund seeks to provide long-term capital appreciation by investing in equity securities of small-, mid-, and large-capitalization companies located in emerging markets.
It will have an estimated expense ratio of 0.95% ($9.50 for every $1,000 invested), Vanguard claims.
