Vanguard launches government bond index fund

fixed-interest/investors/cent/

14 January 2009
| By Corrina Jack |

Vanguard Investments has launched an Australian Government Bond Index Fund which it said will offer investors a simple, low-cost and diversified investment in a government backed guaranteed asset base.

The fund invests in government and semi-government bonds, and seeks to match the total return of the UBS Australian Government Bond Index, before fees and expenses.

Vanguard principal and head of fixed interest Roger McIntosh said a key feature of the fund is its zero exposure to non-government bonds.

He said the fund “together with the Vanguard International Fixed Interest Index Fund (hedged) will allow investors access to a highly diversified, global portfolio of fixed interest securities that are backed by government, semi-government and government guaranteed entities”.

The fund has management fees of just 0.29 per cent per annum with no entry, exit or switching fees. Unit prices are calculated daily with income paid quarterly. The fund is open to minimum applications of $500,000.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 5 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND