Products August 11, 2009

Vanguard to Launch Bond Index Funds

Vanguard has filed a registration statement with the Securities and Exchange Commission (SEC) for seven new bond index funds and exchange-traded funds (ETFs).

Reported by

The funds will offer ETF Shares and Signal Shares with expected expense ratios of 0.15%, and Institutional Shares with an expense ratio of 0.09%. The funds are expected to be available for purchase in late 2009.  

The new funds are:

Fund    
Index
Vanguard Short-Term Government Bond Index FundBarclays Capital U.S. 1-3 Government Bond Index
Vanguard Intermediate-Term Government Bond Index FundBarclays Capital U.S. 3-10 Government Bond Index
Vanguard Long-Term Government Bond Index FundBarclays Capital U.S. 10+ Government Bond Index
Vanguard Short-Term Corporate Bond Index Fund
Barclays Capital U.S. 1-5 Corporate Bond Index
Vanguard Intermediate-Term Corporate Bond Index Fund
Barclays Capital U.S. 5-10 Corporate Bond Index
Vanguard Long-Term Corporate Bond Index Fund
Barclays Capital U.S.10+ Corporate Bond Index
Vanguard Mortgage-Backed Securities Index Fund
Barclays Capital U.S. MBS Index
 
Deals & People August 11, 2009

Financial Engines Names Portfolio Management Group Head

Financial Engines has hired Omar Aguilar as head of its Portfolio Management group, reporting to Chief Investment Officer Christopher Jones.

Reported by

In his new role, Aguilar is responsible for all portfolio management functions at the company, including all aspects of portfolio construction, implementation, and oversight; investment processes and policies; performance measurement and attribution; investment reviews; and working with plan sponsors, provider partners, and consulting firms to promote Financial Engines’ investment methodology. The company said he will serve on the investment committee and be a key resource in strengthening relationships with Financial Engines’ client base of large plan sponsors.

Aguilar has more than 16 years of quantitative investment experience. Prior to joining Financial Engines, he was the head of Quantitative Equity for ING, where he was responsible for building and developing the firm’s quantitative equity group, managing more than $20 billion in assets. He joined ING in 2004 from Lehman Brothers, where he served as the head of Quantitative Research for its alternative investment management business. Prior to that, he was a director of quantitative research and portfolio manager with Merrill Lynch Investment Management.



«