A fund that looks to track the performance of UK government bonds
The fund aims to track the performance of the Barclays Global Aggregate UK Government Float Adjusted Index, which tracks bonds issued by the UK Government, also known as gilts. The tracker will hold securities with a range of maturities to reflect the benchmark index. Rather than hold all the bonds in the index, the fund will utilise a variety of optimisation techniques including sampling to produce a portfolio that delivers the return characteristics of the reference benchmark. We like the tracker as it gives us exposure to a broad selection of UK government bonds and it has tracked the benchmark well historically. It is also relatively cheap with an ongoing charge of 0.06% as of December 2015.
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Gregory Davis is a principal of Vanguard Group and global head of fixed income, and has been with Vanguard since 1999. Vanguard uses a global team approach to management and trading in which portfolio managers manage and trade assets locally. In addition, each portfolio manager is able to carry out other team members’ responsibilities
The Vanguard group is one of the largest asset managers in the world, with $3.4 trillion in asset under management (as of December 2015). The group was founded in 1975 and is known most prominently for its extensive range of passive products, which span all asset classes.
The group offers 319 funds with 144 outside of the US (as of December 2015), employs over 14,000 people and is client owned by its US-domiciled funds.
EQ offers a choice of investment strategies. We use these strategies to build and manage individual portfolios of investments for our clients: