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

10 Things
10 Things...to read in summer 2024

It's the Summer Solstice, and that means that for most of us the sun is shining, temperatures are heating up, and longer days allow for pursuits ...

Top of the Agenda - Compensation
Fund board pay increases in 2023, MPI survey says

Independent mutual fund directors saw an increase in compensation in 2023, on average, although actual compensation levels and percentage adjustments in compensation continue to vary widely ...