The Markets November 15, 2006

Vanguard Expands Offering to Institutional Investors

The Vanguard Group has announced it has filed a registration statement with the Securities and Exchange Commission to include the Vanguard Structured Large-Cap Value Fund in its offering of structured equity portfolios for institutional investors.
Reported by

According to the announcement, the new fund will offer both institutional and institutional plus shares with investment minimums of $5 million and $200 million, respectively. However, investors with $1 billion invested at Vanguard are eligible for the institutional plus shares with a $100 million investment.

The Vanguard Structured Large-Cap Value Fund will seek to outperform the Russell 1000 Value Index and will be overseen by the Vanguard Quantitative Equity Group, the announcement said.

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

Other funds in Vanguard’s structured equity offering include the Vanguard Structured Broad Market Fund, the Vanguard Structured Large-Cap Growth Fund, and the Vanguard Structured Large-Cap Equity Fund. The firm currently has 32 low-cost institutional investment offerings appropriate for pension plans, endowments and foundations, and corporate investors.

Deals & People November 15, 2006

BGI Snags Archard From Vanguard For iShares

Barclays Global Investors has tapped Noel Archard has head of Product Development for the US iShares Business.
Reported by

Archard was formerly with Vanguard where he was most recently the principal responsible for Institutional ETF Sales Management. From August 2003 to November 2005, he was in charge of VIPERs Product Management, working on the development, launch, and sales and marketing of Vanguard’s ETFs.

Prior to that, Archard worked in Vanguard’s Brokerage Services in several positions, including Senior Manager of the Business Development and Strategy Group.

Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.

“I am excited by the rapid growth and pace of innovation within the ETF industry,” said Mr. Archard. “I believe BGI has the right combination of talent, resources and vision to continue to be the market leader in this fast-growing industry.”

«