Vanguard FTSE Developed World ex UK Equity Index
A fund that looks to track the performance of large and medium sized companies globally in developed markets
The fund aims to track the performance of the FTSE Developed World ex UK Index, which represents the performance of large and mid cap companies in the developed world (as defined by FTSE) excluding the UK. The tracker utilises a full physical replication method which means it will hold all the companies comprising the index. To make sure it is aligned with the index, it will buy up or sell down to the target weights at each date of rebalance. We like the tracker as it gives us exposure to both large and mid cap companies throughout the world and it has tracked the benchmark well historically. It is also relatively cheap with an ongoing charge of 0.10% as of December 2015.
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Fund Manager: Gerard O’Reilly
Gerard O’Reilly is a principal of Vanguard Group, and has been with Vanguard since 1992., and has managed stock index portfolios since 1994. 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.
Fund Group: Vanguard
The Vanguard group is one of the largest asset managers in the world, with $4.5 trillion in asset under management (as of September 2017). 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 expanded its business globally starting in 1996 and currently serves over 20 million investors from more than 150 countries worldwide and has over 15,000 employees.