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Products June 9, 2010
Vanguard Brings in Wellington to International Explorer Fund
The board of trustees of Vanguard International Explorer Fund has approved adoption of a multimanager structure and the addition of Wellington Management Company, LLP, to the fund’s investment advisory team.
Reported by Fred Schneyer
An announcement said Wellington joins Schroder Investment Management North America Inc., which has advised the $2-billion international small-capitalization fund since its inception in 1996.
Overseeing Wellington’s portion of the fund will be a four-person investment team led by Simon H. Thomas, who has worked on the firm’s international small-cap equity team since joining Wellington in 2002, the announcement said.
The team uses a bottom-up investment process to identify stocks whose prices do not reflect their long-term growth potential or are priced at a discount to their true value.
Wellington advises nearly $180 billion across 16 Vanguard mutual funds among its more than $530 billion in assets under management, according to the news release.