In the Margins

Morgan Stanley drops Vanguard funds

August 3, 2017

By Reuters

Morgan Stanley, the largest U.S. brokerage by salesforce, is dropping mutual funds from Vanguard Group as of Monday, Aug. 7. Morgan Stanley spokeswoman Christy Jockle said Morgan Stanley's goal was to close out underperforming and less popular funds, and that the client assets held in Vanguard mutual funds represents a small percentage of all client assets in mutual fund investments. Read the original story from Reuters.

 

 

Most Read

Top of the Agenda - Governance
Directors: Focus on prospectus for ESG funds

Environmental, social, and governance investing has been a huge topic of discussion in the mutual fund industry over the past several years, including in fund boardrooms. ...