Vanguard names Manish Nagar as next Chief Risk Officer
Nagar will succeed Joe Brennan, who retires after over three decades at the firm.
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In short: Vanguard's VOO ETF became the first to reach $1 trillion in assets, as the firm reported record retirement savings but warned of rising withdrawals.
Nagar will succeed Joe Brennan, who retires after over three decades at the firm.
The suite uses Target Maturity Corporate Bond ETFs to create four perpetual bond ladder portfolios spanning 0-3, 0-5, 0-7, and 0-10-year maturities, aiding advisors in managing risks efficiently.
The feature allows investors to say 'Alexa, take me to Vanguard Investor Choice' for guided enrollment. Vanguard plans to expand the program to all U.S. equity index funds by 2027.
The ETFs, VDV and VDG, have a 0.08% expense ratio, the lowest in category. They offer targeted exposure to developed markets ex-US value and growth equities.
Vanguard Group has overtaken BlackRock Inc. as the largest exchange-traded fund issuer, a seismic shift at the top of the $15.2 trillion US industry.
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