Vanguard expands active range with first fixed income fund

Joins four active equity funds

Vanguard has launched its first actively-managed fixed income fund for the UK retail market, focusing on global credit.

The Vanguard Global Credit Bond fund will invest in high-quality bonds from corporate issuers, government agencies and supranational organisations. Vanguard launches D2C platform for UK clients Vanguard said it costs less than all active retail funds in the global credit bond category, priced with an OCF of 0.35% for  investor share classes and 0.30% for institutional. It will be managed by the firm's fixed income group, which has more than $1.2trn in assets under management. Vanguard inflows beat all other global providers combined in 2016 Last May, the firm launched its fir...