Global bond index fund initiated on a worldwide scale by Vanguard
Vanguard, a renowned US-based asset manager, has expanded its European fixed income offerings with the launch of a new global government bond index fund. This marks the seventh fixed income fund launched by Vanguard in Europe this year.
The new fund, designed to provide investors with a choice of investment wrapper for fixed income investments, seeks to track the Bloomberg Global Treasury Developed Countries Float Adjusted Index. This index includes government bonds from developed markets around the world, offering investors exposure to more securities from a wider range of markets.
The fund is hedged to reduce currency risk, making it an attractive option for investors seeking global diversification. Vanguard's Fixed Income Group, which manages over $2.6 trillion in assets globally, will be managing the new fund.
Mark Fitzgerald, head of product specialism at Vanguard Europe, made a statement about the fund, underscoring recent market events as the impetus for its launch. He suggested that while investors may be tempted to invest locally in fixed income, the new fund offers a global option that can help diversify risk by investing in different inflation and economic environments, as well as different business cycles.
The new fund complements the existing Vanguard Global Government Bond UCITS ETF, providing investors with a broader range of options for their fixed income investments. However, the head of product specialization at Vanguard Europe responsible for the global government bond index funds introduced by Vanguard in Europe this year is not publicly disclosed.
With the addition of this new fund, Vanguard now offers 40 fixed income index products in Europe. The launch of the global government bond index fund underscores Vanguard's commitment to expanding its European product range and providing investors with a diverse range of investment options.
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