Vanguard launches government bond index fund
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.
Recommended for you
In its first FY26 action, ASIC has cancelled the AFSLs of two Sydney advice firms over their failures to pay industry funding levies.
The Federal Court has made interim travel restraint orders against two Falcon Capital directors, while also freezing one director’s assets.
For the 2025 financial year, all but one listed advice licensee has reported double-digit share price growth – but which licensee has seen the best performance and what activities have they enacted during the period?
Evidentia Group has confirmed its new executive leadership structure, having been formed from the merger between Evidentia and Lonsec Investment Solutions, to shape the future of managed accounts.
